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Media mogul Rupert Murdoch is making an $80-billion-plus (U.S.) play for Time Warner.
Media mogul Rupert Murdoch is making an $80-billion-plus (U.S.) play for Time Warner.
(Diane Bondareff/AP)

Murdoch’s Time Warner bid to stumble on governance

Rupert Murdoch has one last big takeover left in him. Time Warner makes the perfect swan song for the 83-year-old media mogul. The HBO-to-Looney Tunes conglomerate sits at the top of a pyramid where content is king, has no controlling shareholder and poses few insurmountable antitrust hurdles for Twenty-First Century Fox. But winning won’t just be a matter of price.