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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

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COMPANY PROFILES
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TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
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TOR Systems have been in this business since 1981. [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...]
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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
Queen Elizabeth II to be commemorated by Thames' Illuminated River
Illuminated River, described as the world’s longest public artwork, will be lit in commemoration of the passing of Her Majesty The Queen, Elizabeth II.
Brad Pitt makes debut as sculptor at Finnish art museum
Hollywood superstar, Brad Pitt, has made his debut as a sculptor as part of British artist Thomas Houseago’s first ever exhibition in the Nordic countries.
World's longest and 'technologically advanced' zipline planned for Iceland
A 1km-long zipline offering riders speeds of 120km/h is set to open in Iceland later this year.
Triotech secures deal to supply rides for Puy Du Fou Asia's first Chinese attraction
Triotech has secured a deal to supply its interactive ride technology for the SAGA Experience, an immersive attraction being developed in the heart of Shanghai, China, by Puy du Fou Asia.
Tangled attraction among new additions revealed for Disneyland Paris Resort
A Tangled-themed family ride is among a range of new attractions revealed for the Walt Disney Studios Park at Disneyland Paris Resort, France.
Merlin takes over operations at UK's largest indoor waterpark
Merlin Entertainments has secured a contract to operate Blackpool Sandcastle, the UK's largest indoor waterpark.
+ More news   
 
COMPANY PROFILES
WhiteWater

WhiteWater was born in 1980 with one clear purpose, to create places where families unite and make j [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
TOR Systems Ltd

TOR Systems have been in this business since 1981. [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 TV - Testimonial: Leolandia
When you work in the Attractions Industry, there’s nothing better than seeing that dreamy look in the eyes of the people who have just tried your attraction. Find out more...
More videos:
Red Raion TV - Opening Event: FICO Eataly World – Red Raion
Keynote | Moby Dick - Friends to the rescue! – Red Raion
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

27-29 Sep 2022

International Congress on Thermal Tourism

Ourense, Ourense, Spain
13 Oct 2022

VAC 2022

The ICC Birmingham, Birmingham, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
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PRINT SUBSCRIPTIONS
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