Rupert Murdoch just kicked Time Warner to the curb. The media mogul's 21st Century Fox announced on Tuesday that it was pulling out of an $80 billion takeover deal for Time Warner, saying the target wouldn't begin talks. Murdoch's company will instead buy back $6 billion of its own shares. “21st Century Fox’s future has never been brighter," Murdoch said in a statement. "The strength of our leading franchises, combined with the power of our emerging growth businesses and the leadership positions of our international enterprises put us on a path for even greater success.”
