PDA

View Full Version : Comcast won't meet Disney's price - Reuters, 2/17/04



Alex S.
02-17-2004, 01:40 PM
Comcast won't meet Disney's price (http://news.myway.com/top/article/id/384624|top|02-17-2004::13:46|reuters.html) - Reuters, 2/17/04

QuikQuote: Cable provider Comcast Corp. (CMCSA.O) is not interested in raising its bid for Walt Disney Co. (DIS.N) to match the current stock price of the media conglomerate, a source close to the company said on Tuesday.

The move dampened expectations that Comcast may significantly raise its $48.8 billion bid for Disney.

Comcast is also leaning against running a shareholder consent solicitation to replace all or part of Disney's board while Disney's stock price continues to trade at these levels, the source said.

Dlandmom
02-17-2004, 02:41 PM
I think that if Eisner is voted out, it may drive the share price up, and then it may get too expensive for Comcast. Don't you think so?

Morrigoon
02-17-2004, 03:14 PM
Actually, depending on who they've got to replace him, you could see a huge dip of uncertainty.

Dlandmom
02-17-2004, 03:40 PM
Originally posted by Morrigoon
Actually, depending on who they've got to replace him, you could see a huge dip of uncertainty.

True, but with the upswell of anti-Eisner sentiment, I think that at worst the stock will be flat.

Andrew
02-17-2004, 03:44 PM
Originally posted by Morrigoon
Actually, depending on who they've got to replace him, you could see a huge dip of uncertainty. I thought that's what we had now... :D