Breaking News – Comcast Drops Out of 21st Century Fox Bid

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Just over a few hours ago, Comcast announced they decided to drop out of the bidding war for 21st Century Fox. As the only company remaining,This Disney is the clear favorite to acquire Fox.

Comcast Drops Out of 21st Century Fox Bid

21st Century Fox

According to CNBC, Comcast decided to drop out of the race after Disney’s latest bid of $71 billion. Instead, Comcast’s focus is on acquiring European TV service, Sky. Previously, Comcast bid $65 billion for Fox, which was more than Disney’s original offer and started a “bidding war” for Fox.

As we reported last week, Comcast boosted its offer for Sky to $34 billion after Fox increased its offer for the same company to $32.5 Billion.

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Brian Roberts, Chairman, and CEO of Comcast released a statement saying:

I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company.


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As a kid, I had visited Disney multiple times and it sparked a passion for all things Disney. In 2010, I proposed to my wife in front of Cinderella's Castle an since then it has been a large part of our life. Now as a father and experiencing Disney with my wife through our daughters eyes, our love for Disney has grown tenfold and I can't wait to share my passion and experiences with you.

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