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KEN GRIFFIN: A Fox And Time Warner Deal Makes Sense And I Think We'll Get To 'Yes'

Julia La RocheJul 16, 2014, 19:35 IST

DealBook Conference

Hedge fund billionaire Ken Griffin, who runs Chicago-based Citadel, says that a Century Fox and Time Warner deal "makes a lot of sense."

Earlier today, it was reported that Century Fox offered to buy Time Warner in a deal valued at $80 billion. Time Warner has rejected that offer.

Griffin told the audience at the CNBC Delivering Alpha Conference that both media companies have "great assets" and that it would be a good deal for both of them.

Citadel's portfolio includes both Time Warner and Century Fox.

"I think we'll get to 'yes,'" he said.