Comcast to add cash to bid

JBSLJames

New Member
I guess someone should begin work on the new logo. I assume the title will be Disney Enterprises, a Division of Comcast Worldwide.
 

GaryT977

New Member
That article said they could add cash to the offer. They haven't done that yet.

However.

If they follow strategies they've used in the past, they won't be going away anytime soon.
 

Pat X

New Member
Original Poster
"Disney Division of Comcast" I don't want to even think about that! Here's an even worse thought, "Mickey Mouse, copyright Comcast."

:mad:
 

CDS Disney

Member
I havent seen how do Roy and Stan feel about the Comcast bid?
And what would the bid for disney mean in the long run? IE: changes for the parks, ABC, ABC family, Disney, etc.
 

cherrynegra

Well-Known Member
Yeah, Disney is definitely going to have to keep an eye on their back because you never know. I've read they could come back with extra cash via Microsoft that owns 7% of Comcast. Anything is possible.

As for how Gold and Disney feel about it, here is bit of an interview they gave.

Q: Should Disney accept Comcast's offer?

Disney: Clearly, at the stage of the game we are right now, the price is not probably as high as it needs to be. But beyond that, it's way premature. We have not talked to Comcast. Nor they to us.

Q: What would be a fair share price for Disney — mid-$30s?

Gold: Our position in this is that this management has not gotten maximum efficiency out of the assets. A good management team could improve the earnings. That would take the stock price up. Whether it takes it up $5 to $6 or $10, we're not to be the judge of that. Whatever that amount is, that modicum of increase in value in the company ought to go to the Disney shareholders, not the Comcast shareholders. The first job here is to get a management team that can perform, work the assets in an efficient manner and get the Disney shareholders whatever that amount is. And thereafter, maybe in several years we ought to talk about whether someone should pay a premium for the assets. Right now, it would be, I think, premature and leaving money on the table for the Disney shareholders.

Q: Given what you know of Comcast, do they have the management to run Disney?

Disney: I have personally never met Brian Roberts, although he certainly has a reputation of being a good manager. We all know Steve (former Disney executive Steve Burke, who is president of Comcast Cable) because he spent 12 years at Disney. We worked not with him but near him and around him and felt he was a good friend. I like Steve a lot. He appears to have a management style that sounds to me like a better one than other people.

Q: Would Steve Burke be on a short list of candidates to run Disney?

Gold: I don't know what Steve's arrangements are for Comcast and what he plans for his future. But if you're asking me do I think Steve Burke is qualified to run the Walt Disney Co., the answer is yes. He'd be on a short list.

Q: Should the Walt Disney Co. be restructured? Should ABC be sold?

Disney: I think all the parts of the company need to be run better. That's the first thing. You can't even talk about selling until after that happens. So it really isn't a real discussion you can have.
 

wdwmaniac

Member
I still don't see the cash bid fully passing the board. I think it's going to take one large bid in teh 75-80 billions to win over the board. Also you must this if Microsoft does enter into the court with Cash will the FCC agree. Mircosoft-Comcast-Disney now that doesn't sound like monoply.
 

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