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Comcast Tempers Talk of Disney Takeover.

Knight Ridder/Tribune Business News, March, 2004

By Sean Mussenden, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News

Mar. 9--Comcast Corp. downplayed its interest Monday in taking over the Walt Disney Co., saying the entertainment giant was "not a must-have."

"If it happens, great," Comcast Chief Executive Brian Roberts told investors and analysts at a conference in Palm Beach. "If it doesn't, life goes on."

In the past month, Comcast has twice emphasized a desire to purchase Disney, the most recent advance coming last week after Disney's shareholder meeting in Philadelphia.

Both times, Disney's board swiftly rejected the overtures, showing little interest in making a deal. Comcast has thus far declined to raise its bid, now valued at more than $60 billion in...

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