Comcast Pulls Offer for Fox Assets, Ending Bidding War With Disney

The cable and broadband giant Comcast said it was abandoning its bid to acquire a major chunk of 21st Century Fox but would continue its push to win control of the British satellite broadcaster Sky, a move that appeared to end a complex bidding war for Rupert Murdoch’s media company. Comcast said it “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.” Comcast had been locked in a battle with the Walt Disney Company for the bulk of Murdoch’s Fox empire, with the cable company submitting a $65 billion offer for the assets in June.