Read this news last night and couldn't believe it. But it seems to be true that Fox News owner and Media Mogul Rupert Murdoch has made an audacious offer to purchase Time Warner Inc for $80 Billions. Time Warner Inc has been for sale for a while and the last bidder offered about $45billions (Comcast, which owns NBC family of networks).
Time Warner is the parent of CNN, which was originally created by Ted Turner.