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In the battle to acquire21st Century Fox’s film and television assets, one side has decided to graciously bow out.
CBNChas learned from exclusive sources thatComcasthas decided to abandon its pursuit of the Fox assets. Sources told CNBC’s Faber that Comcast is focused on its bidding for Sky.
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The government’s decision to appeal a recent court ruling allowing AT&T to go ahead with its purchase of Time Warner may be giving Comcast reason to pause in its pursuit of the Fox assets. The government had tried to block the AT&T deal on competitive grounds. There is also a belief that Rupert Murdoch, Fox’s executive co-chairman whose family has a nearly 39 percent stake in Twenty-First Century Fox Class B shares, favors a deal withDisney.
Although the Justice Departmenthas approved the bidby Disney, recently, some Fox shareholdersfiled a lawsuitto halt the completion of the deal.
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Collier Jennings
Articles Published :80
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