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Rupert Murdoch's quest to buy TimeWarner, not done yet

Presto Vivace (882157) writes | about 2 months ago

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Presto Vivace (882157) writes "It seems that Murdoch's desire to acquire TimeWarner predates his acquisition of Fox, and continues in spite of TimeWarner's recent refusal of his most recent offer.. The possible deal is important in and of itself, but it also bears upon the succession.

Murdoch’s skill is not just hiring the right people; he has been able to maintain control over them. They have his support as long as they produce results.

His executives are the hired help. There is never any threat to his control. When a Murdoch favourite begins to get more headlines than the chairman, the clock begins ticking for their departure.

But with the Time Warner bid, that balance may change. Chase Carey has put together a deal that, because of Murdoch’s history, is almost irresistible to him. But it’s a deal only Carey can put together.

If he succeeds, the $US160 billion company that will emerge will be an ungainly beast that will depend on Carey making the merger work. He’s indispensable.

Clearly we have not heard the last of this."

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