Could Time Warner and Rupert Murdoch also be heading for a union?

Time WarnerHis wooing of Time Warner chief executive Jeff Bewkes in the summer of 2014 was similarly quick, but less successful. Back then, the media world was gripped by the audacious bid from Mr Murdoch’s 21st Century Fox for Time Warner, a rival that owns Warner Brothers, HBO and Turner television.

The $86-a-share offer valued Time Warner at about $80bn but was withdrawn by Mr Murdoch after only three weeks when it became clear Mr Bewkes was not going to play ball.

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