Comcast reportedly won’t try to top Disney’s $71.3B bid for Fox

Comcast logo.

Joe Raedle / Techhnews

Comcast may walk away from its bidding war over Fox’s entertainment assets.

Comcast won’t raises its offer for Fox to counter Disney’s $71.3 billion agreement, according to CNBC. Comcast will reportedly focus on its pursuit of UK’s Sky television instead. Last week, Comcast raised its offer for Sky to $34 billion.

21st Century Fox, home to popular franchises like X Men, Deadpool, Ice Age and The Simpsons, agreed to Disney’s bid for $71.3 billion earlier in June, rejecting Comcast’s $65 billion offer.

Comcast bid on Sky television against Fox around the same time. Fox reportedly topped Comcast’s offer in July at $32 billion. Fox already owns nearly 40 percent of Sky, and had been attempting to take full control.

Comcast didn’t immediately respond to a request for comment.

Source link

Leave a Reply

Subscribe to our newsletter

Join our monthly newsletter and never miss out on new stories and promotions.
Techhnews will use the information you provide on this form to be in touch with you and to provide updates and marketing.

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at We will treat your information with respect.

%d bloggers like this: