Comcast will not compete with Disney for 21st Century Fox to focus on Sky

The Comcast Media Consortium announced today that it will be coming out of the offer for the 21st Century Fox firm's badets and that it will now focus its efforts on the business. British Pay TV operator Sky.

"Comcast will no longer attempt to continue the acquisition of 21st Century Fox's badets and, instead, it will focus on our recommended offer for Sky," the company said in a statement released on Thursday.

The company and Disney have been offering deals for Fox in recent months, so the new move seems to be leaving freeway to the Walt Disney group for its acquisition.

The latest proposal made by Comcast last June included a price of 35 US dollars per share, which increased the operation 65,000 million US dollars, above the 52,400 million US dollars that were in gambling when Disney announced on December 14 that she would buy the badets.

"I would like to congratulate Bob Iger and the Disney team, and congratulate the Murdoch and Fox family for creating these desirable and respected companies," said Brian Roberts, CEO of Comcast Corporation.

Comcast, a conglomerate that includes the NBC, CNBC and Telemundo networks and Universal Studios. , increased its offer for Sky to 34.3 billion US dollars on July 11, hour after 21st Century Fox offered $ 32,300 million for the British group.

On the other hand, the badets in question from Fox involve the movie company 20th Century Fox, which produced Hollywood blockbuster movies like Avatar and X-Men, as well as Nat Geo TV channels and shares in Hulu's film and television content provider.

Acquisitions they are part of a context where the field of technology and audiovisual content payment programs live large business movements.

In recent months, telecommunications giant AT & T has successfully overcome legal hurdles to acquire Time Warner, although the US government has appealed the decision that gave the green light to the operation.