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Comcast Wants To Buy Disney For $66 Billion

Posted by timothy on from the free-mouse-hats-with-cable-service dept.

BenBenBen writes "Comcast have made a surprise $66 billion bid for Disney. The public bid (aimed at swaying shareholders) follows a period of secret negotiation which resulted in Eisner saying no. Comcast has a statement on their website and there is better coverage available here."

6 of 573 comments (clear)

  1. deja-vu^WAOL-Time-Warner all over again by shaldannon · · Score: 5, Insightful

    ISP buys media giant. ISP tries to merge businesses. ISP fails. ISP discards its name and adopts media giant's name. Stock plummets.

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  2. Re:Terminal Entertainment by Bish.dk · · Score: 5, Insightful

    Reading your post, I wish that the moderation system had a "+1 Scary".

    I doubt it will happen though. Some terminal systems may come that are nothing but internet-enabled TVs, but I doubt that anyone will manage to move the internet away from the basic protocols, which allow us all to create our own applications, and not just sit around waiting for the corporations to do it for us.

  3. Re:Comcast and Disney by AndroidCat · · Score: 5, Insightful
    Does Comcast really have that kind of cash?

    Only wimps worry about cash! Just look at the mighty Worldcom/MCI and how they built their empire without cash or income. Buy up competitors, strip their support staff to nothing, and use them as collateral for the next aquistion, that's the way you do it!

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  4. Re:Question from non-usa by DeepRedux · · Score: 5, Insightful
    Comcast is bigger than Disney. Comcast's market capitalization is 76.3B, while Disney's is only 49.2B. (These number will move some in reaction to this bid.)

    One reason for the increase in cable bills is the cost of programming, especially for the ESPN sports channels. ESPN is owned by Disney.

    Also, this bid is a reaction to Murdoch's putting together his Fox channels with DirectTV.

  5. Re:Hostile takeover? by O · · Score: 5, Insightful

    Steve Jobs owns MSFT? I doubt that. I think you meant Steve Balmer, mate.

    See for yourself.

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    1, 1, 2, 3, 5, 8, 13, 21 -- Mathematics is the Language of Nature.
  6. One-word reply by Valdrax · · Score: 5, Insightful

    Slashdot and thousands of communities like it still exist today, and there is no sign that they are on the decline. Come to me when they start collapsing.

    How?

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