Bloomberg reports that Comcast has dropped out of the bidding war for 21st Century Fox to focus on the acquisition of European pay tv channel Sky instead. This means that Disney can go ahead and the acquisition of 21st Century Fox has no real hurdles to overcome anymore. The deal already has US antitrust approval, Disney merely needs to sell off some of the local Fox sports networks, which Disney has already agreed to do. It’s most likely only a matter of time now until most of the Marvel characters and all the distribution rights for Star Wars are under one roof, pending shareholder approval. The separate Disney and Fox shareholder meetings are supposed to be held on July 27th.
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