In its latest move to tempt Time Warner to reconsider its buyout offer, 21st Century Fox will reportedly allow Time Warner shareholders a spot on the board. Earlier in the month, the Rupert Murdoch-run company made an approximate $80 billion cash-and-stock offer to buy Time Warner. However, the non-voting shares offered would have given Time Warner stockholders little control over a combined company even though they would have had significant holdings. As well as board representation in a second-round offer, WSJ sources note Fox could increase its bid to $95 a share from its previous $85 a share. TheStreet's Keris Lahiff reports from New York.