February 11, 2004

Comcast launches hostile bid for Disney worth $54.1-billion

The Globe and Mail reports that Comcast, in its quest for World Domination, WANTS Disney…

Comcast Corp. Wednesday launched a hostile all-stock bid to buy Walt Disney Co. for about $54.1-billion (U.S.) in stock, touting the proposal as a chance to create a “unique” world-leading entertainment and communications company with an unparalleled distribution platform.

The proposal — which would see Philadelphia-based Comcast exchange 0.78 of a Comcast class A share for each Disney share — comes just days after Disney’s top executive rebuffed suggestions to that the two enter merger talks.

Posted by akvalley at February 11, 2004 07:20 AM | TrackBack
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