REPORT: Here's The Number Time Warner Wants

This morning, Andrew Ross Sorkin reported Time-Warner rebuffed a $85/share buyout offer from Fox. The total valuation would be $80 billion.

Moments ago, Sorkin said what number Time-Warner would actually be looking for: $100/share.

"The number I keep hearing? $100. Give me $100 and maybe we can talk" - @andrewrsorkin, on $TWX $FOXA @CNBC

- Carl Quintanilla (@carlquintanilla) July 16, 2014

That would put the valuation of any potential deal at $94 billion.

Time-Warner shares were trading up about 18% to $83.76