After Pulling the Plug on Bid for Time Warner, Fox Says It Has ‘No Plans to Go Out on the Acquisition Trail’

Aug 7, 2014  •  Post A Comment

Executives at 21st Century Fox, after calling off the company’s bid to acquire Time Warner, said Wednesday that Fox won’t try to buy any other big content companies, the Associated Press reports.

Chief Operating Officer Chase Carey said on a conference call that Fox has “no plans to pursue any other third-party content company as an alternative to Time Warner.”

Asked whether Fox might buy a smaller company, Chief Executive Rupert Murdoch responded, “If there was something very unique but small, I don’t know, I wouldn’t say never. But we have no plans to go out on the acquisition trail.”

On Time Warner’s second-quarter earnings conference call, also held Wednesday, Time Warner Chief Executive Jeff Bewkes said the company is fine as it is. “We’re not lacking something that we need,” Bewkes said.

jeff bewkes-time warnerTime Warner’s Jeff Bewkes

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