Disney take-over: Peicing together the loose ends

[PeterAlt]

I have so many random thoughts in my head that, if put together lika a jigsaw puzzle, could lead to even more speculation on what the game plan is. So, I write this without peicing together these thoughts first, but to just write about them and see if I could figure it out before the end of this message. Here goes...

-- Comcast could start buying Disney stock now, rather than waiting for such a deal to be approved. If they do so now, they would have more leverage to use to bring such a deal into fruition. They could also use their shares to vote with the Roy Disney camp to fire Eisner, and 3 other Board members.

-- Comcast could make a deal with Steve Jobs to fill in as Disney's new CEO, in return that they (Comcast) would approve a deal on terms favorable to Pixar for Comcast-Disney.

 

[SpongeScott]

1. Step back.
2. Breathe deep.
3. Don't worry.
4. Don't overanalyze.
5. Be patient.
6. Wait and see what happens.
7. Enjoy Disney.
8. Enjoy life.
9. There's bigger fish in the ocean than Comcast/Disney.
10. Relax.

:wave:

 

[Woody13]

Originally posted by PeterAlt
-- Comcast could start buying Disney stock now, rather than waiting for such a deal to be approved. If they do so now, they would have more leverage to use to bring such a deal into fruition. They could also use their shares to vote with the Roy Disney camp to fire Eisner, and 3 other Board members.

That's called "Greenmail" and (trust me) Comcast doesn't have enough money to do this.

Originally posted by PeterAlt
-- Comcast could make a deal with Steve Jobs to fill in as Disney's new CEO, in return that they (Comcast) would approve a deal on terms favorable to Pixar for Comcast-Disney.

Why would Comcast want Pixar? Comcast wants ESPN and related content. Nobody wants Pixar with all their silly demands.

 

[MrPromey]

Re: Re: Disney take-over: Peicing together the loose ends

Originally posted by Woody13
That's called "Greenmail" and (trust me) Comcast doesn't have enough money to do this.

That’s right. What Comcast is doing is a stock trade which they will have some ability to get away with as long as their stock doesn’t dip too low and Disney’s doesn’t go too high during all of this. They don’t have anywhere remotely near enough cash sitting in a bank account to actually *buy^ Disney. The truth is no company at this time does. Even Bill Gates who is worth about what Disney is give or take, has the bulk of his worth invested in Microsoft which I don’t see him trading for Disney anytime soon…

The fact that Disney is so expensive is probably what has save them for so long from anyone attempting this kind of thing.

As far as the Jobs thing goes (all negative feelings I have for the guy aside), he is already the head of two companies. Is he going to head up Pixar, Apple and a media giant bigger than both of them for any real length of time?

And if this were to play out, I think there would be serious issues with conflict of interests in the event that he was put in the position of heading up both Disney and Pixar while the two are in any kind of sensitive negotiations. As the head of Disney, wouldn’t he be at least a little inclined to give Pixar everything Jobs wants for Pixar now?... including ownership of everything Pixar has made up to this point?

 

[Pat X]

So, I guess it was a good thing that Disney's stock dipped a bit today? I thought it wasn't a good sign?

 

[PeterAlt]

Originally posted by SpongeScott
1. Step back.
2. Breathe deep.
3. Don't worry.
4. Don't overanalyze.
5. Be patient.
6. Wait and see what happens.
7. Enjoy Disney.
8. Enjoy life.
9. There's bigger fish in the ocean than Comcast/Disney.
10. Relax.

:wave:

lol.... Hey, I have fun speculating! It's like a game to me to figure out what these people are thinking and call their shots!!!!!

 

[PeterAlt]

Re: Re: Disney take-over: Peicing together the loose ends

Originally posted by Woody13
Why would Comcast want Pixar? Comcast wants ESPN and related content. Nobody wants Pixar with all their silly demands.

I'm sorry, I didn't make that part clear. They would place Steve Jobs in there as their ally to close their merger deal (between Disney and Comcast). Steve's position as Disney CEO could be temporary until the Comcast-Disney deal closes. In return for Steve doing this for Comcast, Comcast would allow a renewal of the Pixar deal with Disney (as a favor to Steve). This is assuming that Comcast aquires enough Disney shares to join Roy Disney and his supporters in voting Eisner out.

 

[SpongeScott]

Originally posted by PeterAlt
lol.... Hey, I have fun speculating! It's like a game to me to figure out what these people are thinking and call their shots!!!!!

Well, as long as you're having fun, okay. Just don't let it eat you alive or keep you awake at night--it's really not worth it!

 

[PeterAlt]

Re: Re: Re: Disney take-over: Peicing together the loose ends

Originally posted by MrPromey
That’s right. What Comcast is doing is a stock trade which they will have some ability to get away with as long as their stock doesn’t dip too low and Disney’s doesn’t go too high during all of this. They don’t have anywhere remotely near enough cash sitting in a bank account to actually *buy^ Disney. The truth is no company at this time does. Even Bill Gates who is worth about what Disney is give or take, has the bulk of his worth invested in Microsoft which I don’t see him trading for Disney anytime soon…

The fact that Disney is so expensive is probably what has save them for so long from anyone attempting this kind of thing.

As far as the Jobs thing goes (all negative feelings I have for the guy aside), he is already the head of two companies. Is he going to head up Pixar, Apple and a media giant bigger than both of them for any real length of time?

And if this were to play out, I think there would be serious issues with conflict of interests in the event that he was put in the position of heading up both Disney and Pixar while the two are in any kind of sensitive negotiations. As the head of Disney, wouldn’t he be at least a little inclined to give Pixar everything Jobs wants for Pixar now?... including ownership of everything Pixar has made up to this point?

A wonder if there's a legality question of conflict of interest if Steve Jobs is CEO of both Disney and Pixar? Back to the topic of discussion.... All Comcast would need to do is purchase ENOUGH Disney stock that would join with Roy Disney and his supports in voting "NO" for Eisner in winning that "no" vote. Comcast could use the fact that there is an organized effort by Roy Disney to vote against Eisner to their advantage. All they have to do is buy enough stock to guarantee that the "no's" win. For being such a "savour", they could negotiate with Roy Disney and his supporters for who they want to present Disney's Board with as their choice of a new CEO. Comcast, Roy Disney, and his supports would all agree on Steve Jobs. Now, if Jobs would agree to it??

 

[Woody13]

Re: Re: Re: Re: Disney take-over: Peicing together the loose ends

Originally posted by PeterAlt
All Comcast would need to do is purchase ENOUGH Disney stock that would join with Roy Disney and his supports in voting "NO" for Eisner in winning that "no" vote. Comcast could use the fact that there is an organized effort by Roy Disney to vote against Eisner to their advantage. All they have to do is buy enough stock to guarantee that the "no's" win.

I suggest you take a look at the Dow Jones Industrial Average. The DOW tracks 30 companies (Disney is one). Of those 30 companies; Microsoft, McDonald's, HP (Hewlett-Packard) Co. and AT&T are similar in weight and stock price to Disney.

When you say, "All Comcast would need to do is purchase ENOUGH Disney stock ..." just stop for a moment and insert "Microsoft" or "McDonalds'" in the place of "Disney" in your projection. Perhaps this may help you to understand why Comcast can't buy "enough" Disney stock.