<P> In June 2014, 21st Century Fox made a bid to acquire Time Warner, which had similarly spun off its publishing assets, for $80 billion in a cash and stock deal . The deal, which was rejected by Time Warner's board of directors in July 2014, would have also involved the sale of CNN to ease antitrust issues . On August 5, 2014, 21st Century Fox announced it had withdrawn its bid for Time Warner . The company's stock had fallen sharply since the bid was announced, prompting directors to announce 21st Century Fox would buy back $6 billion of its shares over the following 12 months . </P> <P> On July 25, 2014, 21st Century Fox announced the sale of Sky Italia and Sky Deutschland to BSkyB for $9 billion, subject to regulatory and shareholder approval . Fox would use the money from the sale, along with $25 billion it received from Goldman Sachs, to attempt another bid for Time Warner . </P> <P> In December 2014, Fox - owned television studio Shine Group merged with Apollo Global Management's Endemol and Core Media Group to form Endemol Shine Group, which is jointly owned by 21st Century Fox and Apollo . </P> <P> On September 9, 2015, 21st Century Fox announced a for - profit joint venture with the National Geographic Society, National Geographic Partners, which took ownership of all of National Geographic media and consumer businesses, including National Geographic magazine, and the National Geographic - branded television channels that were already run as a joint venture with Fox . 21st Century Fox holds a 73% stake in the company . </P>

21st century fox generally provides which of the following