How much to buy Disney

Walt_Disney

Walt_Disney

Active Member
Original Poster
I remember a few years ago that Comcast put an offer in to buy out Disney, how much was that?

I would love to buy all the stocks and own Disney myself, yes it's a dream, but I am just curious about how much that would be.
 
Wilt Dasney

Wilt Dasney

Well-Known Member
Walt_Disney said:
I remember a few years ago that Comcast put an offer in to buy out Disney, how much was that?
Click to expand...
http://news.cnet.com/Comcast-offers-66-billion-for-Disney/2100-1026_3-5157087.html
Under the proposed deal, the company would issue 0.78 of a Comcast share for each Disney share, a total value of about $54 billion and a premium of about $5 billion above the closing price of the shares on Feb. 10. In addition, Comncast would assume about $11.9 billion in current Disney debt, for a total of about $66 billion. Disney shareholders would own about 42 percent of the company, Comcast said.
Click to expand...
 
sbkline

sbkline

Well-Known Member
That's odd...I was just thinking about that this week. I remember before I ever started posting here, a few years ago, some company wanted to buy out Disney. I couldn't remember which company it was until I saw this thread, but I actually thought about starting a thread about it myself, wondering if Disney gave any serious thought to it and, if they were to sell, how it would effect WDW.
 
wickedfan07

wickedfan07

Member
sbkline said:
That's odd...I was just thinking about that this week. I remember before I ever started posting here, a few years ago, some company wanted to buy out Disney. I couldn't remember which company it was until I saw this thread, but I actually thought about starting a thread about it myself, wondering if Disney gave any serious thought to it and, if they were to sell, how it would effect WDW.
Click to expand...

At they very least, it would spawn this thread: "Will Universal buy WDW from Comcast??!"

But wow, $66 BILLION? I guess they meant business. When did this take place?
 
GrimGhost

GrimGhost

Member
I'd rather not start an Eisner debate here, but I feel I have to say this. When the CEO of Comcast called Eisner with the offer, Eisner's response to Brian Roberts CEO of Comcast was " GO AWAY". He then later said to Larry King publicly "Maybe we'll buy them (Comcast)".
 
S

svickersart

New Member
It was a good thing that comcast did not buy Disney, if they had they would have ruined the company. I have comcasts triple play service and since the day it was installed we have had problems. It has taken over 30 phone calls and 7 tech visits to get my problems resolved and they have just started to give me some credit for the money I have paid them for services I did not recieve. Comcasts infrastructer is very outdated in most of the system and needs to be upgraded, thier customer service is extreamly poor, wait times on the phone can be a hour and generally dont get you much help. Comcast needs to spend money on making comcast better and not trying to make the company larger. If they had bought Disney I would expect the parks to be neglected while they raped the TV/cable/internet holding of Disney. Maybe Eisner was right, maybe Disney should buy comcast and make some changes, but Disney needs to remain its own company with its own board running it. While 66 Bil sounds pretty high, remember Disney has had a couple of really profitable years with the 50th and all so i would expect the companies value to have increased quite a bit since that offer. If comcast wants to get into theme parks six flags is looking good for a buy out, only a bit over $300 mil with 2.4 bil in depts, stock lingering around 50 cents a share, prime for a buyout, or bankruptcy but unfortunatly no medie outlets like they want.
 
sbkline

sbkline

Well-Known Member
wickedfan07 said:
At they very least, it would spawn this thread: "Will Universal buy WDW from Comcast??!"

But wow, $66 BILLION? I guess they meant business. When did this take place?
Click to expand...

I'm pretty sure it was when I was planning our 2003 honeymoon trip. We got married in April 2003 and went to Florida the next day for the honeymoon. I think the buyout offer was when I was anticipating that trip and I was fretting over how it would effect WDW. Or it could have been while I was anticipating our April 2004 trip, but I'm pretty sure it was the 2003 trip.
 
MKCP 1985

MKCP 1985

Well-Known Member
I'll say this much - nobody on this website is going to buy Disney. Not a controlling interest, I mean. :)

**ducks to avoid injury from crashing dreams**

Most everyone agrees that Eisner and Wells were initially great for the company. The debate is over the merits of Eisner's leadership in the later years after Wells passed away.

Disney Wars - a very insightful book for anyone who wants to gain in depth knowledge of the Eisner years of the Walt Disney Co.
 
GrimGhost

GrimGhost

Member
MKCP 1985 said:
I'll say this much - nobody on this website is going to buy Disney. Not a controlling interest, I mean. :)

**ducks to avoid injury from crashing dreams**

Most everyone agrees that Eisner and Wells were initially great for the company. The debate is over the merits of Eisner's leadership in the later years after Wells passed away.

Disney Wars - a very insightful book for anyone who wants to gain in depth knowledge of the Eisner years of the Walt Disney Co.
Click to expand...

I absolutely agree with you .I've read Disney War also and about the Eisner/Wells era and how he may have lost his way - or moral compass perhaps with Wells passing. Still, it was just a few years ago that Eisner stood firm and prevented the takeover with Comcast as well as AOL a few years before that - but that was never really public.
 

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