Comcast Will Try To Buy Sky Not Fox

(Reuters) - Comcast Corp (CMCSA.O) has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc (FOXA.O) on which it was bidding against Walt Disney (DIS.N), and instead focus on its offer for European pay-TV group Sky Plc (SKYB.L). Shares of Comcast were up 2.2 percent in premarket trade, while Fox fell 1 percent. Disney fended off Comcast’s $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening its offer to $71 billion in cash-and-stock.