** Shares of Rupert Murdoch's Fox fall 1.5 pct to $46.00 in premarket, Sky shares down 1.2 pct to a session low of 15.19 pounds; Comcast shares up 3 pct

** Disney rises 0.8 pct after Comcast drops Fox bid and says it will focus on its recommended offer for Sky

** Sky shares fall initially on the news but quickly pare those losses to trade marginally lower on LSE

(Reporting by Muvija M in Bengaluru)