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Disney Prevails in the Fox Hunt. Now What?

Disney Prevails in the Fox Hunt. Now What?

Comcast Corp. backed down from its pursuit of Rupert Murdoch’s 21st Century Fox Inc. on Thursday morning, allowing Walt Disney Co. to proceed with its own $85.1 billion acquisition of the assets, for which Disney has already obtained regulatory clearance (figure includes assumed debt). “I’d like to congratulate Bob Iger and the team at Disney,” read part of the statement from Comcast Chairman and CEO Brian Roberts conceding the deal.