Van Helsing
My glass is half empty.
- Joined
- Apr 23, 2004
- Messages
- 1,390
http://news.bbc.co.uk/1/hi/business/3666749.stm
US cable TV firm Comcast has scrapped its takeover bid for Walt Disney after the entertainment giant showed "no interest" in the deal.
Comcast launched its bid for Disney in February with an offer which - at the time - was worth $66bn (£37bn).
A union between the two companies would have created the world's biggest media firm.
But resistance to the approach by Disney's board meant now was the time to "walk away", Comcast said.
good news
US cable TV firm Comcast has scrapped its takeover bid for Walt Disney after the entertainment giant showed "no interest" in the deal.
Comcast launched its bid for Disney in February with an offer which - at the time - was worth $66bn (£37bn).
A union between the two companies would have created the world's biggest media firm.
But resistance to the approach by Disney's board meant now was the time to "walk away", Comcast said.
good news
