Comcast dropping out of Twenty-First Century Fox bidding war

Published 07-19-2018

0 Ratings

PHILADELPHIA (AP) - Comcast says it's dropping out of the bidding war for Twenty-First Century Fox's entertainment business, instead focusing on its bid for the U.K.'s Sky.

The announcement Thursday leaves the path open for The Walt Disney Co. to buy the Twenty-First Century Fox assets with its $71 billion offer. The Department of Justice has okayed Disney's bid as long as it sells 22 regional sports networks. Fox shareholders are set to vote on Disney's offer July 27.

No comments found. Sign up or Login to rate and review content.