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Comcast makes offer to buy Disney

By

On February 11, 2004, 12:54 PM

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].

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