Comcast Makes Unsolicited Bid for Disney

According to MSNBC News cable giant Comcast Corp. made an unsolicited bid for the Walt Disney Company for stock valued at about $54 billion.

The sale would make Comcast the world’s largest media company surpassing Time Warner Inc.

Disney has said they would entertain the offer but Paul Kim, senior media analyst at Tradition Asiel Securities, said, “It’s going for the jugular,” he said. “He is using this vulnerable time to force Disney’s hand.”

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