Comcast Drops Out Of It’s Bid For Fox

The deal between Disney and Fox continues to grow momentum as Comcast (Universal) has announced that they have dropped out of their bid for Fox.

Comcast said in a statement, “When a set of assets like Fox’s becomes available, it is our responsibility to evaluate if there is a strategic fit that could benefit our company and our shareholders. That is what we tried to do and we are no longer engaged in the review of those assets. We never got the level of engagement needed to make a definitive offer.”

This leaves Disney as the sole company involved in the purchase of Fox and a deal is expected to be announced by the end of the week.