Comcast Pulls Offer for Fox Assets, Ending Bidding War With Disney

Comcast Pulls Offer for Fox Assets, Ending Bidding War With Disney
Comcast Pulls Offer for Fox Assets, Ending Bidding War With Disney - The New York Times
Comcast said it “does not intend to pursue” an acquisition for the bulk of 21st Century Fox, and would instead focus its attention on Sky.CreditMatt Rourke/Associated Press

The cable and broadband giant Comcast said on Thursday it was abandoning its bid to acquire a major chunk of 21st Century Fox but would continue its push to win control of the British satellite broadcaster Sky, a move that appeared to end a complex bidding war for Rupert Murdoch’s media company.

In a statement, Comcast said it “does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky.”

Comcast had been locked in a battle with the Walt Disney Company for the bulk of Mr. Murdoch’s Fox empire, with the cable company submitting a $65 billion offer for the assets last month.

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