REPORT: Here's The Number Time Warner Wants

This morning, Andrew Ross Sorkin reported Time-Warner rebuffed a $US85/share buyout offer from Fox. The total valuation would be $US80 billion.

Moments ago, Sorkin said what number Time-Warner would actually be looking for: $US100/share.

That would put the valuation of any potential deal at $US94 billion.

Time-Warner shares were trading up about 18% to $US83.76

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