Bid For Disney

Legendary media company WALT DISNEY is reeling after cable company COMCAST launched a hostile $54 billion takeover bid yesterday (11FEB04).

The bid comes after Comcast tried to enter negotiations with Disney's underfire chief executive officer MICHAEL EISNER over a potential purchase, but he declined.

Comcast, if successful, would take over control of not only Disney's famous film division - responsible for big screen classics such as SNOW WHITE, THE JUNGLE BOOK and PIRATES OF THE CARIBBEAN: THE CURSE OF THE BLACK PEARL - but also their theme parks, movie studios and the ABC broadcasting network.

13/02/2004 18:18

Contactmusic

Tags: Walt Disney - Comcast - Michael Eisner - The Jungle Book - Pirates Of The Caribbean - ABC


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