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NEWS
Disney turns down takeover bid as Muppets move in
POSTED 18 Feb 2004 . BY
Shares in entertainment giant, Disney, have been buoyant since the board of directors turned down a hostile takeover bid from US cable group, Comcast.

The battle for ownership now looks to head into a drawn out battle, as the board decided unanimously to back chief executive, Michael Eisner, despite calls for his head from influential former vice-chairman, Roy Disney.

As news of the turndown came through, Comcast played down the prospects of a higher bid, saying it is ‘uninterested in acquiring Disney at current market values’.

Comcast offered 0.78 of a Comcast share for each Disney share and the deal was initially worth $54bn (£28bn) – but has since reduced to $48bn (£25.1bn) due to the slide in Comcast shares and the rise in Disney’s value.

Disney claimed earlier this week that the offer is now $3.60 per share less than the current value of its stock.

As the markets closed in New York yesterday, Comcast’s shares were worth $30.79 – up 89 cents – while Disney closed marginally down at $26.88.

Disney also announced that it had finalised a deal to acquire the popular Muppets characters yesterday, after having been interested in buying them since 1990.

Disney obtained the TV and film rights of the puppets after the children of their creator, the late Jim Henson, agreed to sell the rights for an undisclosed sum. Details: www.disney.com or www.muppets.com

MORE NEWS
Universal's Epic Universe set to open in 2025
Building work on Universal's Epic Universe – a new theme park at the Universal Orlando Resort in Florida, US – is advancing and the park is set to open to visitors in 2025.
Seventh International Museum Construction Congress to be held in Norway this year
The International Museum Construction Congress (IMCC) will take place in the Norwegian capital city, Oslo, from 6 to 8 November 2022.
The 'world's most anticipated museum' to finally open this year
The Grand Egyptian Museum is set to finally open its doors after a design and construction project which has taken more than 20 years to complete.
Horniman Museum to return 72 looted artefacts to Nigeria
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COMPANY PROFILES
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
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IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
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Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
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FEATURED SUPPLIER

Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

Red Raion Showreel 2021
Another year has passed, and we’re definitely happy with what we have accomplished in 2021! Find out more...
More videos:
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
IAAPA Expo Europe Promo – International Association of Amusement Parks and Attractions (IAAPA)
Red Raion TV - Testimonial: Leolandia – Red Raion
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CATALOGUE GALLERY
 

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DIRECTORY
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DIARY

 

03-04 Sep 2022

HEALING SUMMIT 2022 - The Healing of Everything

Pine Cliff Resort, Portugal
27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
+ More diary  
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©Cybertrek 2022
Jobs    News   Products   Magazine
NEWS
Disney turns down takeover bid as Muppets move in
POSTED 18 Feb 2004 . BY
Shares in entertainment giant, Disney, have been buoyant since the board of directors turned down a hostile takeover bid from US cable group, Comcast.

The battle for ownership now looks to head into a drawn out battle, as the board decided unanimously to back chief executive, Michael Eisner, despite calls for his head from influential former vice-chairman, Roy Disney.

As news of the turndown came through, Comcast played down the prospects of a higher bid, saying it is ‘uninterested in acquiring Disney at current market values’.

Comcast offered 0.78 of a Comcast share for each Disney share and the deal was initially worth $54bn (£28bn) – but has since reduced to $48bn (£25.1bn) due to the slide in Comcast shares and the rise in Disney’s value.

Disney claimed earlier this week that the offer is now $3.60 per share less than the current value of its stock.

As the markets closed in New York yesterday, Comcast’s shares were worth $30.79 – up 89 cents – while Disney closed marginally down at $26.88.

Disney also announced that it had finalised a deal to acquire the popular Muppets characters yesterday, after having been interested in buying them since 1990.

Disney obtained the TV and film rights of the puppets after the children of their creator, the late Jim Henson, agreed to sell the rights for an undisclosed sum. Details: www.disney.com or www.muppets.com

MORE NEWS
Universal's Epic Universe set to open in 2025
Building work on Universal's Epic Universe – a new theme park at the Universal Orlando Resort in Florida, US – is advancing and the park is set to open to visitors in 2025.
Seventh International Museum Construction Congress to be held in Norway this year
The International Museum Construction Congress (IMCC) will take place in the Norwegian capital city, Oslo, from 6 to 8 November 2022.
The 'world's most anticipated museum' to finally open this year
The Grand Egyptian Museum is set to finally open its doors after a design and construction project which has taken more than 20 years to complete.
Horniman Museum to return 72 looted artefacts to Nigeria
Decommissioned oil rig transformed into See Monster art installation
An oil rig that spent three decades in the North Sea before it was retired last year is being transformed into an interactive art installation in Weston-super-Mare, UK.
Jake McCoy joins Ted leadership team as director of operations
The Experience Department (Ted) has expanded its European-based leadership team, appointing Jake McCoy to the new position of director of operations.
+ More news   
 
COMPANY PROFILES
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
Polin Waterparks

Polin was founded in Istanbul in 1976. Polin has since grown into a leading company in the waterpa [more...]
+ More profiles  
FEATURED SUPPLIER

Attractions industry to reunite this September at IAAPA Expo Europe in London
For the first time in more than a decade, industry leaders from across the global attractions industry will once again gather in London as part of the annual IAAPA Expo Europe, the sector’s premier international event. [more...]
VIDEO GALLERY

Red Raion Showreel 2021
Another year has passed, and we’re definitely happy with what we have accomplished in 2021! Find out more...
More videos:
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
IAAPA Expo Europe Promo – International Association of Amusement Parks and Attractions (IAAPA)
Red Raion TV - Testimonial: Leolandia – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-04 Sep 2022

HEALING SUMMIT 2022 - The Healing of Everything

Pine Cliff Resort, Portugal
27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
+ More diary  
 


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Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
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ATTRACTIONS MANAGEMENT NEWS
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