02/12/2004
Disney is been biding
Post @ 14:53 in Business
Astounded the financial world that Comcast Corp the cable television giant now faces a daunting task in selling the blockbuster combination and announced a 487 billion deal to bid for Walt Disney Co. This unsolicited bid makes Disney extreamly on edge.
Just couple days ago I heard Pixar Animation Studios ends its Disney deal in 2005, Pixar produced a lot of incredible, well know animation movies for Disney in the past few years, Toy Story, Finding Nimo, Monster Inc etc.
No wonder, that's a big shock for Disney lost a such creativity producer. But now they have to be faced with a more tougher situation. Business competition are always astounding us no matter how big company it is. Market are making changes everyday. Netscreen, a security technology company which I recommanded to my manager to use their product at PN. right now are been buying by another Network giant company Juniper Network corp.This is Market economy.
Releated Reading:
Investors Frown on Comcast Bid for Disney - AlwaysOn
Hunting Disney - Economist.com
Chinese Version - WSJ
Comcast offers $66 billion for Disney - CNET
Updatae:Disney rejects offer from Comcast Corp - MSNBC
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