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

21st Century Fox.
(Image credit: Drew Angerer/Getty Images)

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.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.