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Walt Disney World (WDW) News Discuss defend against the hostile bid in the News & Rumors forums; Analysts say Disney will likely consider other actions before firing Eisner, including making a defensive acquisition, such as buying satellite television company EchoStar Communications. Such a move would place huge ...
  1. #1
    adambreakey's Avatar
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    defend against the hostile bid

    Analysts say Disney will likely consider other actions before firing Eisner, including making a defensive acquisition, such as buying satellite television company EchoStar Communications. Such a move would place huge regulatory hurdles in the way of Comcast's $54 billion bid because of Comcast's cable television holdings. Comcast is the nation's largest cable provider, with 21.5 million customers.
    Now that is an interesting defense.

    full article...
    http://story.news.yahoo.com/news?tmp...comcast_disney
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    marty3d's Avatar
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    Other options they are considering:



    http://business.timesonline.co.uk/ar...001531,00.html
    George Mitchell, the former Northern Ireland peacemaker and Disney’s “presiding director”, has been advised to find a replacement for troubled chief executive Michael Eisner in the run-up to a crunch shareholder meeting on March 3....At this early stage advisers said that four other defence strategies were also being worked on for the board’s consideration:

    - A so-called Pacman defence, whereby Disney launches a counterbid for Comcast

    - Disney launching a bid for a company such ...Echostar. This would give the House of Mouse a pay-television distribution arm, and go some way to answering the strategic arguments behind combining Comcast with Disney

    - Finding a white-knight bidder who would seek to complete a friendly merger with Disney

    - Selling off key assets to refocus the company as an entertainment-content group.

    However, advisers are arguing that the strategy most likely to succeed in maintaining Disney’s independence is ousting Eisner and replacing him with someone more respected by shareholders.
    I think whatever happens, Eisner is out. However, the first option is interesting - Comcast merger goes ahead - but Disney swallows Comcast rather than the other way around.

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    adambreakey's Avatar
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    That is interesting - however, buying comcast as a defense would only pull Disney further away from their core business. I would like to see the last option (selling of parts to return to core business) happen. Although, i am fairly certain that won't happen.

    adamb
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    marty3d's Avatar
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    I know - some analysts say that if Disney sells off ESPN and some of their other network assets, they become a less likely takeover target. One thing that has to be considered - Comcast might be willing to buy those assets from Disney, then walk away. Corporate blackmail.

    or a very high stakes game of Poker.

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