"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", Comcast said. "We never got the level of engagement needed to make a definitive offer". Now Comcast is walking away from that deal according to a statement from Comcast Corp on Monday.
Fox is apparently interested in pivoting to mostly sports and cultural commentary, meaning Fox News and the sports network FS1 would stay put.
21st Century Fox is controlled by media mogul Rupert Murdoch, along with sons James and Lachlan. Last month a source familiar with the situation told USA TODAY that Comcast approached Fox and expressed interest in such assets as the Fox TV and movie studio, Sky and Mumbai-headquartered studio Star India.
Disney are without a doubt one of the biggest companies in the world of entertainment, and the titans behind-the-scenes are looking to expand on that even more if recent reports are to be believed.
In addition to the Marvel properties, Disney would acquire: "Fox's movie and TV studio, networks including FX and National Geographic, and global assets including Star India's TV channels and a 39 percent stake in European satellite provider Sky Plc". Disney saw its stock price gain around 0.52%. This is a developing story and more news is expected to drop soon, but in the meantime, head over to CNBC for more details. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. If you don't buy now, you may kick yourself in 2020. To the point where 21st Century Fox suspended trading activities.