Comcast's Takeover Bid for Disney Renews Content + Network Ambition

In the latest bid to combine content ownership with network presence, Comcast made an unsolicited, $54 billion takeover bid for The Walt Disney Company. Comcast is the largest cable network operator in the U.S., with some 21 million customers. The bid represented a 10% premium over Disney's closing stock price the day earlier.


"Not only would this merger create significant shareholder value, but it would also position the combined company to compete vigorously with other entertainment and communications companies, including newly created integrated distribution/content providers," said Brian L. Roberts, President and CEO of Comcast. http://www.comcast.com