By Martin Peers and Keach Hagey
21st Century Fox has abruptly abandoned its takeover pursuit of Time Warner Inc., citing both Time Warner's unwillingness to "engage with us" and a sharp drop in Fox's stock price which made a deal "unattractive to Fox shareholders."
Fox's stock (NWSA) (NWS) had fallen about 11% since news broke last month that it had made a takeover offer for Time Warner (TWX) valued at $85 a share, or about $80 billion, in a mix of cash and stock.
M/A-COM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) (“MACOM”), a
leading supplier of high performance analog semiconductors for RF,
microwave and millimeter wave applications, today announced that Thomas
Hwang has agreed to join the company as Senior Vice President of Global
21st Century Fox (NASDAQ: FOXA, FOX) today announced that it has
withdrawn its proposal to acquire Time Warner Inc.
Chairman and CEO Rupert Murdoch commented:
“We viewed a combination with Time Warner as a unique opportunity to
bring together two great companies, each with celebrated content and
Guidewire Software, Inc. (NYSE: GWRE), a provider of software products
to Property/Casualty insurers, today announced that its Chief Financial
Officer, Karen Blasing, will present at the Pacific Crest Global
Technology Leadership Forum, to be held in Vail, CO.
Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of a
comprehensive cloud-based human capital management software solution,
today announced its financial results for the quarter ended June 30,
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