Comcast to pay $66 billion for Disney: Comcast, the largest U.S. cable television operator, Wednesday launched a stunning proposal to buy Walt Disney in a deal Comcast said would value Disney at $66 billion including debt.
If successful, the deal would vault Comcast into one of the world's largest media companies, combining Disney's film studio, ABC television network, ESPN sports network and theme parks with Comcast's 21 million cable subscribers.
Disney seeks to reassure investors: Walt Disney last night continued its counter-offensive against critics of the troubled company by reassuring shareholders that it had begun to formalise discussions on a succession plan for chairman and chief executive Michael Eisner.
