July 19, 2018 / 1:13 PM / 3 months ago

Comcast scraps Fox bid amid takeover battle with Disney

** Shares of Twenty-First Century Fox (FOXA.O) and UK’s Sky (SKYB.L) dip after Comcast says abandons bid for Fox assets

The Twenty-First Century Fox Studios logo is seen in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson

** Shares of Rupert Murdoch’s Fox fall 1.5 pct to $46.00 in premarket, Sky shares down 1.2 pct to a session low of 15.19 pounds; Comcast shares up 3 pct

** Disney (DIS.N) rises 0.8 pct after Comcast drops Fox bid and says it will focus on its recommended offer for Sky

** Sky shares fall initially on the news but quickly pare those losses to trade marginally lower on LSE

Reporting by Muvija M in Bengaluru

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