Comcast has pulled out of its pursuit of 21st Century Fox, turning its focus to trumping Rupert Murdoch’s attempt to take full control of Sky.
Under the deal that Fox has with Disney, Murdoch must gain consent to raise his bid.
The deal Murdoch tabled last week valued Sky at £14 a share.
Last week, in a day of bid and counterbid, Comcast tabled a £26bn offer to buy Sky, trumping Murdoch within hours of the media mogul making a new £24.5bn offer.