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Comcast Seeks to Acquire Disney

Comcast, the nation's biggest cable provider, makes an offer worth $66 billion to purchase the entertainment giant Disney. Comcast officials say Disney chief Michael Eisner rejected a merger offer last week, prompting the public purchase bid. The price is based on around $54 million in stock and $11.9 billion in Disney debt. Hear NPR's Kim Masters.

Copyright 2004 NPR

Kim Masters
Kim Masters covers the business of entertainment for NPR News. Her reports can be heard on NPR's award-winning Morning Edition, All Things Considered, and Weekend Edition. She joined NPR in 2003.