Comcast drops 21st Century Fox bid, practically securing Disney's victory

Disney is very, very close to securing its purchase of 21st Century Fox.

Comcast and Disney have gone back and forth over purchasing Rupert Murdoch's empire since November, but Disney always appeared to have the lead. Now, Comcast is officially dropping its $65 billion bid, practically ensuring victory for Disney, The Associated Press reports.

Rumors of Disney purchasing Fox first sprouted in November, and Comcast joined the fray soon after. In December, Disney placed a $52.4 billion bid...

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