Deals
HBO Said Valued at $20 Billion by Fox Seeking Netflix Killer
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Rupert Murdoch wants HBO so badly, he’s willing to buy all of Time Warner Inc. to get it.
HBO is one of the main reasons, along with rights to sports programming and international content distribution, that Murdoch’s 21st Century Fox Inc. offered $85 a share for Time Warner, said a person familiar with the matter. Fox and its advisers value HBO, the home of buzzworthy TV like “Game of Thrones” and “Girls,” at more than $20 billion, the person said. Time Warner said today it rejected the offer from Fox.