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  "documentTitle": "Time Warner Inc. (TWX)",
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      "text": "Analysts' estimates of the value of Filmed Entertainment is generally in line with the fully-distributed enterprise valuation of $15.0 - $16.5 billion.",
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      "text": "Enterprise Value: $17.7bn",
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      "text": "Based on the precedent transaction analysis, the implied enterprise value of Filmed Entertainment is $16.4 - $17.7 billion on a private market basis (Exhibit 4.62).",
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      "text": "(a) Excludes any corporate allocation and assumes Filmed Entertainment is a division of TWX.",
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