Time Warner (TWX) shares soared today, gaining as much as 18% after the company received an unsolicited buyout offer worth $80 billion from 21st Century Fox (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.
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Why Time Warner Inc Stock Jumped Today
By Jeremy Bowman
–
Jul 16, 2014 at 7:30PM
NYSE: TWX
Time Warner Inc.
Is this meaningful? Or just another movement?
Jeremy Bowman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
Stocks Mentioned
Time Warner Inc.
TWX
Twenty-First Century Fox, Inc.
FOXA
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