VIDEO : Comcast Lets Disney Win Bid For Fox Assets

Comcast announced that it would drop out of the bidding war for 21st Century Fox's assets. Comicbook.com reports that Comcast declined to exceed Disney's $71.3 billion offer made by Disney for the bulk of Fox's assets, which includes the 20th Century Fox Studio, the cable studios FX and Nat Geo, as well as a stake in Hulu. Comcast said in a statement Thursday, "Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky."