Monday, 20 Aug 2018
Business

Comcast withdraws from “war” by buying 21st Century Fox

The US conglomerate of services Comcast cable announced on Thursday his retirement from bidding war for film and television operations from 21st Century Fox , also coveted by Walt Disney .

Comcast said in a statement that it will focus on acquiring the operator British paid television Sky.

The decision ensures in a effective than Disney will complete its $ 71.3 billion alliance with Fox, creating a new power in the sector at the same time the tycoon Rupert Murdoch reduces your media empire

“Comcast does not intend to move forward with the acquisition of the assets of Twenty-First Century Fox and , on the other hand, will focus on our recommended offer for Sky, “the group, the main US cable operator and owner of the NBC, MSNBC and CNBC networks, reported.

Both Comcast and Disney had been bidding on Murdoch’s prized assets, which include Fox Studios in Hollywood and major film and television production operations.

At the same time, the two giants want to get control of e Sky, the pay-TV operator based in Great Britain, of which Fox has a 39% stake.

Disney launched its offer of 52 thousand 400 million dollars to buy the assets of Fox last December, while Murdoc H and his family announced that they will be reorganized to focus on Fox News, the Fox television network and some sports operations.

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