By Noel Young

It didn’t take long! Rupert Murdoch is willing to pay more for Time Warner , Bloomberg reported last night citing “people with knowledge of the matter.”

The 83-year-old tycoon is undeterred after an $80 billion offer from Twenty-first Century Fox was rebuffed in an initial offer for the media company. Time Warner shares have since soared.

But an offer higher than $85 depends on Time Warner engaging in talks and opening its books to Fox, according to one source , who told Bloomberg Murdoch hadn’t been directly involved in discussions.

Fox calculates the combined company Read full story ›

Source: The Drum