Comcast Offers to Buy Walt Disney Co.
Cable television systems giant Comcast Corp. proposed early Wednesday to buy Walt Disney Co., the iconic media and entertainment powerhouse that owns the ABC and ESPN television networks, movie studios and theme parks, for stock valued at about $54 billion.
The nation's biggest cable systems operator said it would also take on $11.9 billion in Disney debt to push the total value of the deal to $66 billion.
Posted by Ron at February 11, 2004 01:40 PM