Rupert Murdoch has offered to buy Time Warner (TWX), the world's fourth-most profitable broadcasting & cable company, for $85 per share and Marci Ryvicker, a senior media analyst at Wells Fargo Securities says the Australian-born media mogul will likely offer as much as $105 per share to get the deal done.
If Rupert Murdoch buys the entire company then Time Warner CEO Jeff Bewkes would likely be asked to leave the company at age 62. There can be only one CEO, and Murdoch is quite happy with Chase Carey running the day-to-day operations at Fox. Jeff Bewkes is not a billionaire, he is not one of the most powerful people in the world and he is not one of the largest shareholders of Time Warner.
He cannot win this war on his own.
It's time to call in the calvary and request assistant from these 12 wealthy business types who may harbor their own distaste for Mr. Murdoch or simply want to get in on the media industry merger movement. Almost all of them are billionaires and all of them are at least as wealthy as Rupert Murdoch, according to Forbes:
- Bill Gates, Technology Advisor of Microsoft (MSFT)
- Carlos Slim Helu, wealthiest or second wealthiest man in the world depending on the day. You can check his wallet in real time here.
- Warren Buffet, CEO of Berkshire Hathaway (BRK.A) (BRK.B)
- Jeff Bezos, CEO of Amazon (AMZN)
- Sergey Brin and Larry Page, Director of Special Projects and CEO of Google (GOOG), (GOOGL) respectively.
- Timothy Cook, CEO of Apple (AAPL)
- Jamie Dimon, CEO of JPMorgan Chase (JPM)
- Mark Zuckerberg, Chairman and CEO of Facebook (FB)
- Jeffrey Immelt, CEO of General Electric (GE)
- Lloyd Blankfein, CEO of Goldman Sachs Group (GS)
- Li Ka-shing, Chairman of Hutchison Whampoa (HUWHY)
Here's what this crowd can offer Bewkes and the Time Warner board, eager to stave off Murdoch's mendling: