Comcast Dropping Out Of Twenty-First Century Fox Bidding War

NEW YORK (AP) — In a battle among media giants for control of Twenty-First Century Fox’s entertainment business, Comcast has blinked.
The cable and media company said Thursday that it is dropping its bid, instead focusing on its pursuit of the European pay-TV operator Sky. Fox owns 39 percent of Sky and has also been trying to buy the 61 percent it doesn’t own.
Comcast had been fiercely dueling with Disney for Twenty-First Century Fox assets, but on Thursday said that it would