Wednesday, February 11, 2004

Comcast proposes to buy Disney

This is really getting good. Eisner is against the merger, so if Comcast succeeds then Eisner is gone. If they don't succeed, then Disney's stock price is likely to drop and make Eisner's current position even weaker. At least from their statement, they are interested in maintaining the Disney legacy.

Another interesting tidbit today is that Disney's board is planning for Eisner's succession. They've admitted publicly that discussions are in progress, and this comes just one day after their letter to shareholders showing their support for Eisner.

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