Comcast Corp. may revive its effort to acquire 21st Century Fox after the entertainment giant turned down its original bid in favor of Walt Disney Co. , the Wall Street Journal reported Sunday. Disney announced the $52.4 billion deal for Fox in December. Comcast’s bid was reportedly around $60 billion, but there were concerns that the deal could face antitrust challenges. The Journal reported Comcast may choose to take no further action, and that Fox’s upcoming release of a proxy statement on the process of the merger may influence the decision.
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