Earlier this month Comcast made an unsolicited bid to buy the Walt Disney Company for $66 billion. Other than acknowledging the offer, neither the Disney board nor management has formally responded to the offer.
Over the last decade, Comcast has moved aggressively through a series of mergers and acquisition to become the nation’s largest cable television operator and, potentially, media combine.
The Disney bid comes about two years after federal regulators approved Comcast’s $30 billion acquisition of NBC Universal. In 2002, Comcast acquired At&T’s cable and broadband holdings for $29 billion. In 2004, it made a $48 billion bid for Disney that was rejected.
The pre-nbc Comcast of 2011 operated in 29 states and had 22-plus million cable subscribers along with 8 million Internet subscribers. Comcast has long coveted “content” or programming as part of its business model. It had interests in the Golf Channel, E! Entertainment, G-4, Style, the lifestyle website Daily Candy, and »
- David Rosen
Similar News ItemsFocus Features [us]
- Casting: Bullock, Jeong, Warburton, Kebbell (From Dark Horizons. 21 August 2014, 12:15 PM, PDT)
- Ifp Taps Focus Features Exec for Made in NY Media Center (From Variety - Film News. 21 August 2014, 11:30 AM, PDT)
- 'Theory of Everything' poster keeps the focus on the Hawking romance (From Hitfix. 21 August 2014, 9:54 AM, PDT)
NBC Sports [us]
- Top 20 TV Ratings: Robin Williams Special, ‘Last Comic Standing’ Finale Make Appearances (From The Wrap. 19 August 2014, 3:07 PM, PDT)
- NBC Sports Group's Premier League Soccer Season Kicks Off to U.S. Ratings Record (From The Wrap. 19 August 2014, 1:16 PM, PDT)
- 2014 USA Pro Cycling Challenge TV schedule (From ChannelGuideMag. 14 August 2014, 1:24 PM, PDT)