Comcast said on Monday of which had abandoned its bid for most of the assets of Twenty-First Century Fox, leaving Walt Disney as the sole suitor in pursuit of the $40 billion-plus deal.
“When a set of assets like Fox’s becomes available, of which is usually our responsibility to evaluate if there is usually a strategic fit of which could benefit our company along with our shareholders,” Comcast said in a statement. “of which is usually what we tried to do along with we are no longer engaged inside review of those assets. We never got the level of engagement needed to make a definitive offer.”
Disney’s negotiations with Fox are continuing, along that has a deal could be reached as early as of which month, sources close to the situation said on Monday. The persons asked not to be identified because the deliberations are confidential.
Disney did not immediately respond to request for comment. A Fox representative declined to comment.
The assets in question could have expanded Comcast’s international footprint through ownership of European pay TV provider Sky along with Star network in India. A source told Reuters in mid-November of which Comcast had approached Fox about its interest, along with talks were in early stages.
Comcast shares were up 1.5 percent in after-hours trading, while Disney shares were up 0.2 percent along with Fox shares fell 1.3 percent.
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Disclosure: Comcast is usually the owner of NBCUniversal, parent company of CNBC along with CNBC.com.