Comcast Bows Out of Bidding War for 21st Century Fox
Comcast has bowed out of its bidding war with Disney for 21st Century Fox’s entertainment assets. The company says it will instead focus its efforts on acquiring British broadcaster Sky.
Disney offered $52.4 billion to buy 21st Century in December, Comcast countered with $65 billion in June, and then Disney offered $71.3 billion.
Fox’s shareholders will vote on Disney’s offer on July 27th.