After the rejection of Twenty-First Century Fox Inc (FOXA)‘s proposal of $80 billion by Time Warner Inc (NYSE:TWX), tech giants like Google Inc (NASDAQ:GOOGL), Amazon.com, Inc (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL) are all beefed up to initiate a striking proposal for the acquisition of the biggest media company. Experts think that Google Inc (NASDAQ:GOOGL) is a big candidate for this acquisition because it has been looking to expand its content business since many years and now is the time to cease the opportunity. Google Inc (NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL) may have the cash in hand to make super offers but there are certain legal issues which can stall a likely deal. Discussing these legal problems in a program on Fox Business, The Roth Law Firm founder, Richard Roth, said that although Google, Apple Inc (NASDAQ:AAPL) and Amazon.com, Inc (NASDAQ:AMZN) have the resources for Time Warner Inc (NYSE:TWX) deal, the deal success largely depends upon the board of directors consent and shareholders position.
“Board of directors of Time Warner Inc (NYSE:TWX) have to make a conscious decision to see does this benefit our company, and Time Warner has got tremendous content, so Google Inc (NASDAQ:GOOGL) and amazon, may be a great combination with Time Warner, unlike Fox where you have the same content, molding into one, Google Inc (NASDAQ:GOOGL) and Amazon, this is a new business for them, so it could very well be a good play and Time Warner Inc (NYSE:TWX) is, you know is hot for the bidding right now,” said Roth.
Roth said that Google Inc (NASDAQ:GOOGL) and Amazon.com, Inc (NASDAQ:AMZN) are a fantastic fit for Time Warner Inc (NYSE:TWX) because they both are looking for the expansion of media and content reach. He said that Time Warner Inc (NYSE:TWX) is a hot bid right now because it has CNN, HBO, more than 60 TV shows and numerous other cable and television resources.
Experts said that the most important thing to look now is that whether Time Warner Inc (NYSE:TWX)’s board of directors accept Google Inc (NASDAQ:GOOGL) stock or Amazon.com, Inc (NASDAQ:AMZN) stock as part of this deal because shareholder’s interest is the most importunate priority for Time Warner right now and any probable deal will not go through without inculcating the shareholders.
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