Disney up for grabs?
Maybe Mickey Mouse is incredibly behind on his utility bills,
maybe he owes money to Donald and Goofy for when they lent him the
means to get Minnie the finest of French cheeses, or maybe he just
needs some green to support a nasty habit … whatever the reason,
apparently his business tactics are no more successful than a
C-student at Yale because he is in dire need of some money to save
his tail and is looking for help.
Believe it or not, the Walt Disney Company may soon sit
comfortably under a corporate umbrella even larger than their own,
as they announced that they might sell their company and are
currently accepting bids. The front-runner among the bidding is
Comcast Corporation, which has offered Disney over $50 billion
dollars, according to The New York Times.
Comcast already controls a substantial amount of the media with
many subsidiaries from a previous merger with AT&T (who had
beforehand merged with Broadband), according to the Securities and
Exchange Commission. Purchasing Disney would further add to the
Comcast empire.
Disney initially declined Comcast’s original bid, which Comcast
insists is final. Viacom has announced its disinterest in the bid
and Time Warner will not likely obtain this merger because they are
still recovering from the dismal affair with America Online,
according to The New York Times.
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