Comcast tries to take over Disney
Poster: Aron Schatz
Posted on February 12, 2004 at 5:58:51 PM
I'm sure you heard about this yesterday, but Comcast tried to do a hostile take over on Disney for $66 Billion. Disney said no, then one of Disney's workers died in the park! Weird.
Quote
Under the proposed deal, the company would issue 0.78 of a Comcast share for each Disney share, a total value of about $54 billion and a premium of about $5 billion above the closing price of the shares on Feb. 10. In addition, Comncast would assume about $11.9 billion in current Disney debt, for a total of about $66 billion. Disney shareholders would own about 42 percent of the company, Comcast said.