Today, Comcast announced that it is dropping its $65 billion bid for Twenty-First Century Fox assets. Instead, Comcast will focus on its $34 billion bid for the British company Sky.
As discussed in a blog
last week by FSF Senior Fellow Ted Bolema, Comcast and Disney have been aggressively
bidding on Fox assets, including Twenty-First Century Fox movie and TV
studios, FX channels, controlling interests in National Geographic Partners, as
well as non-controlling interests in Hulu. This announcement leaves Disney as
the favorite to acquire these Fox assets, a decision that will be made by Fox
shareholders on July 27, 2018.