Film-Tech Forum ARCHIVE: Comcast is making a bid for Disney

This is topic Comcast is making a bid for Disney in forum Film-Yak at Film-Tech Forum ARCHIVE.

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Posted by Richard Fowler (Member # 893) on 02-11-2004, 07:58 AM:

Comcast the cable giant is offering a 66 billion dollar buyout for Disney which is a 9% premium over the current stock price.
Mr. Eisner, the embattled chairman, refused to discuss the matter so Comcast went public about their offer. Some people feel that the buy out premium should be 30% instead of 9% so this should be interesting to see unfold. Disney is the last major that has not been bought out.

Posted by Bruce Hansen (Member # 281) on 02-11-2004, 06:02 PM:

Comcast is uping rates because they say they are not making enough money, so where are they coming up with this $66 BILLION? Someone needs to look into this. We are being way overcharged.

Posted by Richard Fowler (Member # 893) on 02-11-2004, 06:14 PM:

It is a stock swap and assumption of 12 Billion of Disney debt....pushing paper to get content to show on many more cable channels and pay for view on demand venues.

Posted by Bobby Henderson (Member # 840) on 02-11-2004, 06:25 PM:

My understanding is Comcast is a division of Time-Warner. Hmm. I wonder if any anti-trust folks are going to step in to control this at all.

Posted by Richard Fowler (Member # 893) on 02-11-2004, 07:48 PM:

Comcast is not at present a part of Time Warner.