Comcast Case Study An overview of Comcast’s bid of Disney(上)

Table of Contents

Comcast Bid for Disney 3

Industry Background 3

Convergence of industries …may two become one… 3

The Target-Disney 4

Disney History-Mouse in the making 4

Disney’s European Operations 5

Management style/strategy 6

Corporate Governance issues 6

Recent Performance 7

The Acquirer –Comcast Got Cheese? 7

DEAL DETAILS 8

The Hostile Bid 8

Rationale 8

The Situation Today…(April 200

4) 9

EXHIBIT 1 HISTORY OF THE CABLE INDUSTRY 10

EXHIBIT 2 Disney on the Ropes 11

Exhibit 2a Board Members 12

EXHIBIT 3 Disney Facts and Fundamentals 13

3.1 Revenue by Business Segments 13

3.2 Income Statement 14

3.3 Balance Sheet 15

3.4 Cash Flow 16

3.5 Stock Price Performance ( last two years) 18

Exhibit 4 Summary Operating Forecast 19

Exhibit 5 Selected Events Timeline for Disney 20

Exhibit 6 Letter to Disney 21

Exhibit 7 Combined Company Portfolios 23

Exhibit 8 Monthly Closing Share Price 24

Exhibit 9 Comcast Historical Chronology 24Exhibit 11 Comcast Facts and Fundamentals 2811.2 Balance Sheet 29

11.3 Cash Flows 30

Web Reference Material 31

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