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Tuesday, June 18, 2019  Spokane, Washington  Est. May 19, 1883
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Comcast reportedly no longer in deal talks with Fox

A sign outside the Comcast Center in Philadelphia. (Associated Press)
A sign outside the Comcast Center in Philadelphia. (Associated Press)
By Tali Arbel Associated Press

NEW YORK – Citing a Comcast statement, the Wall Street Journal reported that the cable company is no longer in discussions to buy pieces of 21st Century Fox . That could open the door to a Disney bid.

Comcast declined to provide its statement to the Associated Press.

A person familiar with the situation, who was not permitted to discuss the matter publicly, confirmed the end of negotiations.

The Journal said Disney is currently talking with Fox and that a deal could be announced this week. Fox declined to comment.

Disney is planning to launch its own streaming services as a way of contending with changes in the entertainment industry and deep-pocketed tech companies that are building their own video divisions. Buying parts of Fox could give it more material to stream.

Wordcount: 137
Tags: comcast, Fox

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