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Comcast Withdraws Its Bid for Disney (Reuters)







Comcast Withdraws Its Bid for Disney
(Reuters)

Comcast Withdraws Its Bid for Disney
(Reuters)
04/28/2004 08:39 AM

Reuters - Comcast Corp. (CMCSA.O), the largest U.S. cable company, on Wednesday withdrew its unsolicited $48.4 billion bid to buy Walt Disney Co. (DIS.N) after the entertainment conglomerate steadfastly refused to open negotiations.




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Comcast Withdraws Its Bid for Disney (Reuters)

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Comcast also released a letter sent to Eisner indicating that Eisner had personally rejected Roberts' offer to enter into discussions about a merger earlier in the week.

The letter from Roberts called it "unfortunate" that Eisner was not willing to enter into discussions. "Given this, the only way for us to proceed is to make a public proposal directly to you and your board," the letter stated.

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Link

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Grok Description matches for Comcast Withdraws Its Bid for Disney (Reuters)
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Comcast Withdraws Its Bid for Disney (Reuters)

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