Time Warner, Twenty-First Century Fox Rumor Put Peer Companies In Play

Several peer companies are in play after CNBC reported that Time Warner (NYSE: TWX) rejected an offer from Twenty-First Century Fox (NYSE: FOXA) at $85 per share.

In addition to Time Warner shares trading 20 percent higher, the new valuation data has put many peer companies in play.

• Time Warner Cable (NYSE: TWC) shares are up 4.48 percent
• DirecTV (NASDAQ: DTV) shares are up 0.35 percent
• Disney (NYSE: DIS) shares are up 0.45 percent
• DISH Network (NASDAQ: DISH) shares are up 0.05 percent

Posted-In: Movers

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