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Steve Kim explains why HBO cut their boxing budget

Discussion in 'Boxing Discussion' started by Queen B, Jul 27, 2016.

  1. Queen B He / Him / His

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    So some clown named Rupert Murdoch tried to buy Time Warner, which owns HBO.

    Time Warner said lol no, so he tried to go for a hostile takeover by buying stocks out.

    So Time Warner has to take money out of HBO to stabilize the stock prices of their other properties to prevent the hostile takeover.


     
  2. Marc A Being broke is being dishonest

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    Will showtime become the home for boxing ?

    FYI just rumors among friends but hearing there is going to be a big push for boxing on HBO towards end of year
     
  3. Sunfish Martinez Belt

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    Do you know anything about Rupert Murdoch and how wealthy and powerful he is or are you just ignorant?
     
  4. MC Paul Barman Gold Belt Platinum Member

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    I'd a toss a half a crown and a fistful of farthings for the beast me'self.
     
  5. Queen B He / Him / His

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    Who gives a shit what he is. Hes a fucking clown and is ruining boxing on HBO
     
  6. Dynamic23 White Belt

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    Rupert Murdoch never attempted a hostile takeover of Time Warner. He made an offer of $85 per share(about 80 billion dollars) which was rejected, and the shares ended 2015 just under $65 per share He did not start purchasing Time Warner stock. Here is a list of Time Warner's 10 largest shareholders
    http://finance.yahoo.com/quote/twx/holders?ltr=1

    Also here is a report from the time of the offer which states directly that Murdoch/Fox have no desire to go hostile.
    http://www.reuters.com/article/us-time-warner-fox-idUSKBN0FL15T20140717
     
  7. actjac Down goes Frazuh...down goes Frazuh

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    Sometimes a person can reveal what a moron they are by a single post.
     

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