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Walt Disney World (WDW) News Discuss Board to carefully evaluate bid... in the News & Rumors forums; Just found this short article - it says that the board is going to carefully evaluate the bid. -- they can't be seriously considering this, can they? http://www.reuters.com/newsArticle.j...toryID=4335982...
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    adambreakey's Avatar
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    Board to carefully evaluate bid...

    Just found this short article - it says that the board is going to carefully evaluate the bid. -- they can't be seriously considering this, can they?

    http://www.reuters.com/newsArticle.j...toryID=4335982
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    Given Disney's troubles - it wouldn't surprise me. They've been a romoured takeover target for a couple of years now.

    I think it would be disastrous for the company. Comcast would probably be quick to slash costs in the parks even further. There's also the danger that they'd spin off Disney in pieces to finance the takeover. Not a good thought.

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    Of course, if the spin offs go to Roy, (like the animation and park business) then I would be ok with it -- I think.


    adamb
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    The main thing that concerns me about the Comcast thing is this.

    Let's say that the buyout does go through. There are 2 ways that this could go.

    1.) Comcast makes Disney profitable and then 5 - 10 years down the road, they decide that they have had enough of the Theme Park industry. Who do they sell to? Anheiser-Busch? Universal? Six Flags? Any one of those companies would love to have the Disney name in their bag.

    2.) Comcast loses their shirt in the first 5 years and decides to start selling Disney assets. Animation. Touchstone. Epcot. MGM. MK. Resorts. The cruise line. They sell it peice by peice and eventually destroy our beloved play ground.

    Either way, I don't like it. Does anybody know if the shareholders would have to vote on this? I can't see them allowing this to happen.

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    Todd - Most of the shares are not owned by shareholders that are Disney crazy like us - they are in it for the $$s... so, if the money makes sense... don't count on them to vote no.

    but - it could be a good thing... let them have the tv channels, etc.. then sell Roy the parks and animation.

    anyway

    adamb
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    marty3d's Avatar
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    Everything I've been reading points to the fact that the offer is way too low and some analysts are questioning whether Comcast can afford to pay the right price. This worries me, because if this becomes a bidding war, someone could take on way too much debt to properly manage the Disney assets.

    Also, Disney is one of those companies that is worth more than the sum of its parts. What would the parks be if the split off film and animation?

    I really think that Roy Disney and Stanley Gold will be the deciding factors. If the side with Comcast (or another bidder) alot of shareholders will go along. If the (temporarily) put aside their differences with Eisner, then it will fail.

    Roy has always had the company and the Diney families best interests at heart. This may be the most important decision of his life. Here's hoping he makes the right one.

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    This is a link to a site that Roy Disney and Stan Gold created. It has their official response to the Comcast Bid:

    http://www.savedisney.com/

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