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]
- The Real Danish Girls: Meet the Trans Pioneers Before Laverne Cox & Caitlyn Jenner (From Variety - Film News. 27 November 2015, 4:14 PM, PST)
- Digital Tracking: ‘The Good Dinosaur’ to Enjoy a Thanksgiving Box Office Feast (From Variety - Film News. 25 November 2015, 6:38 PM, PST)
- How Eddie Redmayne, Alicia Vikander and Tom Hooper Explore Gender Identity in 'The Danish Girl' (Exclusive Video) (From Thompson on Hollywood. 25 November 2015, 11:50 AM, PST)
NBC Sports [us]
- 2015 NHL Thanksgiving Showdown TV schedule (From ChannelGuideMag. 27 November 2015, 10:09 AM, PST)
- Comcast, Fox, Time Warner Among Media Targets Of Lawsuit Filed In Florida: Report (From Deadline TV. 21 November 2015, 11:33 AM, PST)
- Fox, Time Warner, Comcast Dragged Into Legal Mess Surrounding Daily Fantasy Sports (From The Hollywood Reporter. 21 November 2015, 9:43 AM, PST)