I just read this this morning. I didn't see it yet on the board and I thought people would be interested...
Comcast makes bid for Disney
Largest U.S. cable operator offers a $66B merger proposal for entertainment and media company.
February 11, 2004: 7:16 AM EST
NEW YORK (CNN/Money) - Comcast Corporation on Wednesday made a bid to merge with Walt Disney Company in tax-free transaction valued at $66 billion, including the assumption of debt.
Comcast said it would issue 0.78 share of Comcast Class A shares for each Disney share. Disney shareholders would receive a premium of over $5 billion, based on Tuesday's closing prices, the cable company said.
Comcast said Disney chairman Michael Eisner has been unwilling to discuss the deal.
Disney (DIS: Research, Estimates) shareholders would own 42 percent of the combined company under Comcast's proposal. The combination would create one of the world's leading entertainment and communications companies.
Comcast makes bid for Disney
Largest U.S. cable operator offers a $66B merger proposal for entertainment and media company.
February 11, 2004: 7:16 AM EST
NEW YORK (CNN/Money) - Comcast Corporation on Wednesday made a bid to merge with Walt Disney Company in tax-free transaction valued at $66 billion, including the assumption of debt.
Comcast said it would issue 0.78 share of Comcast Class A shares for each Disney share. Disney shareholders would receive a premium of over $5 billion, based on Tuesday's closing prices, the cable company said.
Comcast said Disney chairman Michael Eisner has been unwilling to discuss the deal.
Disney (DIS: Research, Estimates) shareholders would own 42 percent of the combined company under Comcast's proposal. The combination would create one of the world's leading entertainment and communications companies.
