NEW YORK (Reuters) - Walt Disney Co. on Monday said it rejected an unsolicited takeover offer from cable television company Comcast Corp.

Disney's board said it had full confidence in the business, financial and creative direction of the company under the leadership of Michael Eisner.

Here's the link, but that's the entire story.

Although I found a little more information at CNN.

But the AP story appeared at Yahoo, and they have a slightly different story.

"The board of directors of The Walt Disney Company on Monday unanimously rejected a takeover bid from cable television giant Comcast Corp. as too low, but said it would consider a higher offer."

The board in a statement expressed support for current chairman and chief executive Michael Eisner and said the company's current structure and strategy are sufficient to maximize shareholder value. But it left open the possibility it would sell for a higher price.

"We are committed to creating shareholder value now and in the future and will carefully consider any legitimate proposal that would accomplish that objective," the statement read.
That's a little different from "full confidence" in Eisner to me.

These mega media congloms better do all the mergering they can before November cause Michael Powell is gonna loose his job and the new admin will not be 100 percent friendly to such corporate merger shenanigans!

(only 99 percent)

Shmoo, of Electric Gypsy
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Give the damn company back to the Disney Family and I guarantee their world wont come to an end.

So you mean I can't fly to California and visit Comcast Land?

Well said Cantido !