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  • Los Angeles Times

    Disney wins Fox assets bidding war

    by Meg James, Los Angeles Times Jul 20, 2018 4 minutes

    LOS ANGELES_The high-stakes drama over who would capture much of Rupert Murdoch's media empire came to a close after Comcast Corp. said it was dropping out of the hunt for 21st Century Fox's entertainment assets.

    The announcement Thursday hands a major victory to Walt Disney Co. Chief Executive Bob Iger, who has championed the $71-billion purchase of the Fox assets, which include Fox's prolific television and movie studios, cable channels FX and National Geographic, the controlling stake in streaming service Hulu, and international properties in India and Latin America.

    Comcast's pursuit of Fox had threatened to derail a deal that is considered essential to Disney's future and Iger's legacy - and one that is expected to transform

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