Credit: Reuters/Eric Thayer
The Time Warner building in New York, December 11, 2013.
Twenty-First Century Fox offered to buy Time Warner for $85 per share in a cash and stock bid, the newspaper reported, adding that Murdoch was determined to buy the company and was unlikely to walk away. ( nyti.ms/1na1K7y)
Time Warner stock jumped more than 13 percent to $80.30 premarket. The company could not be immediately reached for comment.
(Reporting by Soham Chatterjee; Editing by Saumyadeb Chakrabarty)
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