Fox's Canceled Deal With Time Warner Ranks As Second Largest In U.S. History
Twenty-First Century Fox (NASDAQ: FOXA) canceled bid for Time Warner (NYSE: TWX) ranks as the second-largest cancellation of a U.S. merger and acquisition transaction. Capital IQ stated the total worth of the bid at $98 billion.
The only larger deal canceled 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 $127.8 billion.
The canceled bid for Time Warner brings announced U.S. M&A deals down to $968 billion, from $1.064, billion according to data from Capital IQ. M&A deals to date in 2014 are valued around $227 billion, up from the 2013 full year deal value of $154 billion.
2014 Canceled M&A Deals By Sector - Data Provided By Capital IQ
|Sector||Number of Deals|
|No Primary Industry Assigned||36|
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