For a new piece of the multimedia empire and is hoping time warner is the perfect fit. They rejected the initial bid of more than 75 billion. Theyre willing to pay more to get the owner of hbo, turner, cnn, warner bros. Over lunch in. New york, people whom i are with the matter say they were concerned about a number of factors including succession plans. Previously at time warner investments where he worked with various operating groups like hbo, all that stuff. In the last 10 years, they shed for assets and increased shareholder value. They are buying a crown jewel asset and for time warner, they are pushing back on closing a deal at this point. You have been reporting on this from the very beginning and you know how this started to come together. Give us some of the details. It starts with a friendly lunch in new york in early june. Jeff bewkes gets together with chase carey and chase dropped the idea on him of a big merger. Is, what is the plan for you . Your contract is up in 18 mo
Owner, all that stuff. The deal was first brought to the attention of time warner chairman and c. E. O. By murdoch deputy over lunch in new york last month. But people familiar with the matter say he was concerned about a number of factors, including the plans, foxs share structure, and the future of cnn. For more, emily change spoke with jeff and neil, the managing director at general catalyst partners. Kneel was previously at time warner investments, where he worked with various groups, and emily started by asking what he thinks of the proposed deal. I think this deal makes a lot of sense for fox, and what i think jeff has done over the last 10 years is shed poor assets and increase shareholder value for time warner. I think for fox, it makes sense, because theyre buying a crown jewel asset. For time warner, i can see why they think they created a lot of values, so theyre pushing back on closing the deal at this pofpblete jeff, youve been reporting on this from the very beginning. Yo
Get the owner of hbo, turner, cnn, warner bros. All that stuff. Over lunch in new york, people whom i are with the matter say they were concerned about a number of factors including succession plans. Previously at time warner investments where he worked with various operating groups like hbo, all that stuff. In the last 10 years, they shed for assets and increased shareholder value. They are buying a crown jewel asset and for time warner, they are pushing back on closing a deal at this point. You have been reporting on this from the very beginning and you know how this started to come together. Give us some of the details. It starts with a friendly lunch in new york in early june. Jeff bewkes gets together with chase carey and chase dropped the idea on him of a big merger. One is, what is the plan for you . Your contract is up in 18 months and i think my shareholders are going to have a concern about this dual class structure. And what is the future for cnn . They dont get any feedback
Action on immigration. A coalition of 26 saves are given time to pursue a lawsuit. An expansion of the program for taking children from deportation due to take effect tomorrow. The real estate website zillow shares are rising after surprise earnings were reported on friday. The acquisition will be able to close as early as today now that the fcc has cleared the transaction. Revenue the Fourth Quarter is up 58 . 76 gains in the premier asian agent business. Intercontinental Hotels Groups up 10 thanks to strong growth in the u. S. Shares of holiday inn increased dividends. Here is the ceo speaking on the impact of the home sharing website like airbnb. They should be managed properly and subject to the same rules we are. Frankly, if that business grows place. Size in terms of revenues and noxious rooms for overseas significantly smaller from a revenue perspective, if it does grow and scott and consumers wanted, it is something we should look what look at running behind it. Right now, it i
Chevy, its volt . Lets go to apple. M. I. T. s john leonard. You see technology for doing very precise localization in mapping. Some of the sort of parts of this whats involved in the google car. So its a different sort of set of techniques and skills than sort of the traditional detroit auto making industry. Tim higgins, i love i didnt think about this but then i saw it. Oh, yeah. Tim higgins came from detroit. You come here to cover apple. What are the similarities between these companies . For one thing apple is a Global Company with a lot of cash. Costs, about 1 billion for a new car to be created. It costs 1 billion to build a new car . Generally speaking. Its an expensive timeconsuming process. So apple has a lot of money, 178 billion. So not short of cash. Theyve got Global Operations used to doing supply Chain Management around the world, used to doing industrial design. Used to dealing with retail network. So they have a lot of things in place. That said, designing and buildin