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NEW YORK Comcast said Wednesday that it has withdrawn its unsolicited $48 billion offer to buy Walt Disney Co. because Disney “steadfastly refused to open negotiations.”
During a conference call with investors, analysts and media to discuss the company’s first-quarter financial status, Brian Roberts, Comcast chief executive, related that the two companies would not become one. “Unfortunately it has become abundantly clear that Disney does not share our interests,” Roberts said. “I am very comfortable with our decision to withdraw, even though it is not the outcome I had hoped for.”
Roberts
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