Share by Email

NEW YORK – Time Warner Inc. (NYSE:TWX) today issued the following statement regarding the announcement by Twenty-First Century Fox (NASDAQ:FOXA) that it has withdrawn its proposal to acquire all of the outstanding shares of Time Warner.

Time Warner’s Board and management team are committed to enhancing long-term value and we look forward to continuing to deliver substantial and sustainable returns for all stockholders. Time Warner is well positioned for success with our iconic assets, including the world’s leading premium television brand, the world’s strongest ad-supported cable network group, and the world’s largest film and television studio. We thank our stockholders for their continued support.

Citigroup Global Markets Inc. is acting as financial advisor to Time Warner. Cravath, Swaine & Moore LLP is acting as legal advisor to Time Warner.

About Time Warner, Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.

This is courtesy of www.timewarner.com

Average: out of 5 Rated

Leave a Reply

You must be logged in to post a comment.