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Comcast Seeks to Acquire Disney

NPR | By Kim Masters

Published February 11, 2004 at 12:00 AM EST

Comcast, the nation's biggest cable provider, makes an offer worth $66 billion to purchase the entertainment giant Disney. Comcast officials say Disney chief Michael Eisner rejected a merger offer last week, prompting the public purchase bid. The price is based on around $54 million in stock and $11.9 billion in Disney debt. Hear NPR's Kim Masters.

Copyright 2004 NPR

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Kim Masters

Kim Masters covers the business of entertainment for NPR News. Her reports can be heard on NPR's award-winning Morning Edition, All Things Considered, and Weekend Edition. She joined NPR in 2003.

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