A merger between Murdoch & Time Warner never made sense & didn’t have a prayer of being approved. Too big of a conglomerate.
— Larry King (@kingsthings) August 6, 2014
And here’s some other commentary on the matter:
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- The AP: 21st Century Fox would have had to navigate potentially daunting antitrust hurdles to buy Time Warner. Cultural clashes also loomed had the two companies combined…
- Forbes: The timing of Murdoch’s withdrawal certainly raises the stakes for Time Warner CEO Jeff Bewkes…
- The Guardian: The deal seemed personal for Murdoch who had lined up a key position within the merged entity for his son James Murdoch, whose career seemed all but over at the height of the hacking scandal.