In the battle to acquire 21st Century Fox’s film and television assets, one side has decided to graciously bow out.
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The government’s decision to appeal a recent court ruling allowing AT&T to go ahead with its purchase of Time Warner may be giving Comcast reason to pause in its pursuit of the Fox assets. The government had tried to block the AT&T deal on competitive grounds. There is also a belief that Rupert Murdoch, Fox’s executive co-chairman whose family has a nearly 39 percent stake in Twenty-First Century Fox Class B shares, favors a deal with Disney.
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