Twenty First Century Fox's Canceled Deal With Time Warner Ranks As Second Largest In US

Twenty-First Century Fox (Nasdaq: FOXA) cancelled $98B bid for Time Warner (NYSE: TWX) ranks as the second largest cancelation of a US merger and acquisition transaction. The only larger canceled deal came in 2000 when MCI Worldcom canceled a bid it began in 1999 for Sprint (NYSE: S). The MCI Worldcom and Sprint deal was valued at $127.8B in 1999. The canceled Fox bid for Time Warner brings announced US M&A deals down to $968B from $1.064T according to data from Capital IQ. M&A deals to date in 2014 are valued around $227B, up from 2013s full year deal value of $154B.

2014 Canceled M&A Deals By Sector - Data provided by Capital IQ