Comcast gives up on buying 21st Century Fox
The dance between Disney, Fox and Comcast has been complicated over the past few months, but it got a little simpler today. Comcast announced that it is withdrawing its offer to buy the assets of 21st Century Fox, according to CNBC. The company is instead focusing on its bid to purchase the percentage of Sky, the UK telecom network and TV channels, that Fox doesn't currently own. Fox is also in talks to purchase the remainder of Sky before the Disney deal goes through.
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