In case you haven't been following economic news, Comcast recently made a $54-billion bid for Disney. Eisner and Co. rejected this bid (it's actually pretty low); Wall Street also cast its vote by having Comcast stock fall and Disney stock rise, which made things worse for Comcast (this was to be a stock swap).

Roy Disney and Stanley Gold just issued a nice letter to the shareholderes of Disney urging them to overthrow Eisner. This comes on the heels of Steve Jobs' Pixar announcing they would terminate their partnership with Disney (makes sense, since Pixar was doing almost all the work anyways).

Whoooooo. I love a good corporate battle. I doubt Comcast will end up buying out Disney, but I have a feeling this will be Eisner's last hurrah. Eisner really has that company going into the shithole. Remember Go.com? What a joke.
Posted by roy on February 18, 2004 at 01:05 AM in Ramblings | 2 Comments

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Anonymous (guest)

Comment posted on February 18th, 2004 at 02:23 PM
You forgot to mention that Disney just bought the rights to the Muppets from The Hensons....
Comment posted on February 18th, 2004 at 08:18 AM
Save Disney? Never!

Pixar is an insult amongst animators and designers.