Time Warner (NYSE:TWX) shares soared today, gaining as much as 18% after the company received an unsolicited buyout offer worth $80 billion from 21st Century Fox (NASDAQ:FOXA). Fox shares fell 4% on the news, though the market clearly expects a second offer, given Time Warner's jump. Will a megamerger between the two media giants go through? The slideshow below provides further detail on today's developments, and lets you know what Fox's next move could be.

Cable's going away. Are Time Warner and Fox doomed?
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple. 


Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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