Rupert Murdoch
Rupert Murdoch's 21st Century Fox withdraws its $80 billion bid to take over Time Warner.
Sources: ABC News Australia
Sources: ABC News Australia
A U.S. federal judge approves AT&T's $85 billion merger with Time Warner.
AT&T reportedly agrees in principle to buy Time Warner for about $85 billion.
Rupert Murdoch will step aside as CEO of 21st Century Fox to be replaced by his son James Murdoch.
News Corp. completes a planned split into two companies, creating 21st Century Fox.