There had been hopes that 21st Century Fox, which owns the 20th Century Fox movie studio, Fox broadcast network, and TV channels Fox News and FX, might raise its original cash-and-stock offer bid of roughly $US86 per share to as much as $US100 per share to win over Time Warner. Even with 21st Century Fox now out of the picture, Time Warner's shares still remain above where they were before the news of buyout offer came out.