Disney wins bidding war for Fox; Comcast drops to focus on Sky

Bob Iger Fox Disney

And as with any blockbuster franchise, there are already sequels lined up.

Shares of Comcast, the largest USA cable company, rose 2.7 percent as investors were relieved the company did not try to outbid Disney further. In an separate statement, Comcast chairman-CEO Brian L. Roberts conceded the battle to Disney. At the same time, the two media giants have been aiming to take control of Sky, the British-based pay-T.V. operator in which Fox holds a 39 percent stake.

Immediately before the acquisition by Disney, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, its sports channels FS1, FS2 and the Big Ten Network, into a newly-listed company that it will spin off to shareholders.

Getting Fox would help the House of Mouse compete with technology companies such as Amazon and Netflix for viewers' attention - and dollars. Apple is expected to join their ranks. Though Disney owns Marvel Studios, some characters including the X-Men had already been licensed to Fox. The company is still looking to purchase global broadcaster Sky.

Department of Justice officials filed a motion on Wednesday requesting an accelerated timeline for its appeal of a judge's decision to approve a merger between AT&T and Time Warner. By contrast, Trump and Rupert Murdoch confer regularly by phone, with Murdoch offering counsel in their talks and his Fox News' most popular shows offering cheerleading coverage.

My daughter seems terrified on her royal outings: Thomas Markle
Apparently that interview put the Royal Family in their silence mode.so, I gave another interview to break the silence. Meghan Markle's father Thomas Markle has caused drama surrounding his daughter in the past.

Comcast has pulled its bid to purchase 21st Century Fox, allowing Disney to move forward with the goal of bringing the movie rights to X-Men and the Fantastic Four over to Marvel Studios.

Are you excited for Disney to finally acquire Fox?

Sky operates in Austria, Germany, Ireland, Italy and the U.K. It has 22.5 million customers, attracted by offerings such as English Premier League soccer and "Game of Thrones".

Still, Comcast dropping out of the 21st Century Fox bidding war means that Disney will obtain a treasure chest of valuable assets once the sale goes through. Well, Murdoch is one of the major shareholders of Sky as well, so read into that what you will.

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