Comcast dropping out of Twenty-First Century Fox bidding war

(AP Photo/Mark Lennihan)

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.
Related Topics:
businessfoxdisneycomcastu.s. & world
(Copyright ©2018 by The Associated Press. All Rights Reserved.)

More u.s. & world

More Business

Top Stories
Show More