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Fox withdraws Time Warner bid

21st Century Fox has withdrawn its proposal to acquire Time Warner, saying the owner of HBO has “refused to engage with us”, coupled with a sharp drop in Fox’s stock price which made a deal “unattractive to Fox shareholders”. http://online.wsj.com/articles/fox-withdraws-time-warner-bid-1407269617?mod=WSJ_hp_LEFTTopStories

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