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Twenty-First Century Fox's plan to buy Time Warner could create an upheaval in the sports television world, creating the first meaningful challenge to Walt Disney Co's ESPN. Time Warner's board has rejected an $80 billion bid, but Fox Chairman Rupert Murdoch is unlikely to walk away quickly. A deal would bring him college basketball's "March Madness" championship tournament, prime time National Basketball Association (NBA) games, and Major League Baseball (MLB) games.
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