In the battle for Twenty-First Century Fox, Comcast blinks

In the battle for Twenty-First Century Fox, Comcast blinks

6 years ago
Anonymous $hM_jrxqbr-

https://phys.org/news/2018-07-twenty-first-century-fox-comcast.html

Comcast had been fiercely dueling with Disney for Twenty-First Century Fox assets, but on Thursday said that it would not raise its $66 billion offer for the company.

The withdrawal leaves the path open for The Walt Disney Co. to buy the Twenty-First Century Fox assets with its latest offer of $71 billion. The Department of Justice has okayed Disney's bid as long as it sells 22 regional sports networks. Fox shareholders are set to vote on Disney's offer July 27.