Comcast Corp. has made a surprise offer to buy Walt Disney Co. for $54 billion, a deal that would create one of the world's biggest entertainment companies.

If successful, Comcast -- already the nation's biggest cable operator -- would own one of the three dominant broadcast networks -- ABC -- as well as the Disney film studio, ESPN, and other Disney assets.

Read more: [URL=http://edition.cnn.com/2004/BUSINESS/02/11/comcast.disney/index.html]CNN[/URL].