Rupert Murdoch is bidding to create by far the world’s largest film and television company with an attempted takeover over of Time Warner that would mark a high point in a deal-making career spanning more than 60 years.
Time Warner confirmed on Wednesday that Mr Murdoch’s entertainment holding company, 21st Century Fox, last month offered $80bn (£46.7bn) in a mixture of cash and stock to aquire the rival company.
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