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Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position

Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position
From Reuters - December 11, 2017

(Reuters) - Comcast Corp (CMCSA.O) said on Monday it had abandoned its bid for most of the assets of Twenty-First Century Fox Inc (FOXA.O), leaving Walt Disney Co (DIS.N) as the sole suitor in pursuit of the $40 billion-plus deal.

When a set of assets like Foxs 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, Comcast told Reuters in a statement.

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