Magazine article Screen International

Comcast Withdraws Fox Bid, Paving Way for Disney Deal

Magazine article Screen International

Comcast Withdraws Fox Bid, Paving Way for Disney Deal

Article excerpt

“I’d like to congratulate Bob Iger and the team at Disney.”

US cable giant Comcast has withdrawn its offer to acquire 21st Century Fox, focusing its energy instead on its potential Sky acquisition.

In a statement, Comcast said: “Comcast 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.”

Disney have released there own statement: “Our incredible enthusiasm for this acquisition and the value it will create has continued to grow as we’ve come to know 21st Century Fox’s stellar array of talent and assets. We’re extremely pleased with today’s news, and our focus now is on completing the regulatory process and ultimately moving toward integrating our businesses. …

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