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Deals Rumor Mill: Time Warner, Simcere Pharma, Philips

By Benjamin Horney (January 8, 2016, 3:54 PM EST) -- New York-based Time Warner Inc. could soon come under pressure from activist shareholders to sell itself or spin off Home Box Office Inc., according to a late Thursday report from Reuters. According to the report, no actual contact has been made yet, but New York hedge fund Corvex Management LP is planning to eventually pounce. The report comes on the heels of a November from Time Warner that ratings for its key domestic entertainment networks had fallen more than the company expected, the report noted....

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