Comcast drops pursuit for Fox assets

FAN Editor
The Comcast NBC logo is shown on a building in Los Angeles, California
FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake

July 19, 2018

(Reuters) – Comcast Corp <CMCSA.O> has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc <FOXA.O> on which it was bidding against Walt Disney <DIS.N>, and instead will focus on its offer for UK TV group Sky <SKYB.L>, the company said on Thursday.

“Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and instead will focus on our recommended offer for Sky,” the company said.

(Reporting by Munsif Vengattil; Editing by Bernard Orr)

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