Time Warner, Twenty-First Century Fox Rumor Put Peer Companies In Play

Several peer companies are in play after CNBC reported that Time Warner TWX rejected an offer from Twenty-First Century Fox FOXA at $85 per share.

In addition to Time Warner shares trading 20 percent higher, the new valuation data has put many peer companies in play.

• Time Warner Cable TWC shares are up 4.48 percent
• DirecTV DTV shares are up 0.35 percent
• Disney DIS shares are up 0.45 percent
• DISH Network DISH shares are up 0.05 percent