Comcast Drops Out of Bidding War for Fox to Focus on Sky [Bloomberg]

Comcast Drops Out of Bidding War for Fox to Focus on Sky [Bloomberg]

By Gerry Smith and Anousha Sakoui

July 19, 2018 | Following a bidding war with Disney, Comcast concluded that the price for the Fox assets was too high, according to a person familiar with the matter who asked not to be identified because the decision process was private. Another hurdle was the regulatory requirement to divest Fox’s regional sports networks as part of any deal, the person said.

Disney can now go ahead with its offer of $71.3 billion for Fox’s properties, which include a 39 percent stake in Sky.

Read more on Bloomberg.

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