Disney rejects Comcast takeover offer

The board of directors for The Walt Disney Company rejected a takeover bid by cable television giant Comcast Corporation, officials said.

Disney rejects Comcast takeover offer
Tue, 17 Feb, 2004 - 06:12

The board of directors for The Walt Disney Company rejected a takeover bid by cable television giant Comcast Corporation, officials said.

The board noted that the current offer to acquire Disney by swapping shares of both companies would undervalue Disney’s holdings.

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