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New York: In a battle between media giants for control of 21st Century Fox's entertainment activities, Comcast blinked.
The cable and media company announced Thursday that it was abandoning its offer of European pay TV operator Sky. Fox owns 39% of Sky and also tries to buy the 61% that she does not own.
. the way open for Disney to buy the entertainment badets of 21st Century Fox.
Photo: AP
Comcast was fighting fiercely with Disney for 21st Century Fox's badets, but said Thursday that he would not raise his dollars. $ 66 billion US offer for the company
The withdrawal leaves the field open to Disney to purchase 21st Century Fox's badets with its latest US $ 71 billion offering. The Department of Justice has accepted Disney's offer as long as it will sell 22 regional sports networks. Fox shareholders are expected to vote on Disney's bid on July 27.
"It was the last chapter of this serial," said Daniel Ives, an badyst at GBH Insights. "Now the laser concentration for (Comcast CEO Brian) Roberts and Comcast is the royal battle for Sky's badets to build a strong bridgehead content strategy in Europe."
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