Comcast pulls out of Fox race, clearing path for Disney

Comcast has announced that it was pulling out of the race to purchase Fox, clearing the path for Disney.
Comcast’s withdrawal leaves Disney as the sole remaining suitor for Fox’s assets, which have been valued at in excess of $40bn and include subscription channels National Geographic and FX as well as its namesake movie studio.
Crucially Fox also owns the Star Network in India and has a stake in subscription satellite service Sky.
Announcing its withdrawal Comcast said: “