[Reuters] Time Warner scraps Weather Channel bid

Posted by: UGN Security

[Reuters] Time Warner scraps Weather Channel bid - 06/13/08 03:59 PM

NEW YORK (Reuters) - Media conglomerate Time Warner Inc withdrew its bid to buy the Weather Channel after refusing to raise its offer, a source familiar with the negotiations told Reuters on Friday, leaving as the remaining bidder an investor group that includes NBC Universal.



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