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March 13, 2006
Comcast in talks to Buy Disney's Stake in E!
Comcast Corp. is in talks to buy Walt Disney Co's stake in E! Entertainment Television, giving it complete ownership of the cable network it manages, a source familiar with the matter said on Monday. The talks are part of a larger ongoing discussion over carriage agreement by Comcast of Disney channels, the source added. A deal on E! could take some time to reach or might not happen at all, the source said. Comcast is the managing partner in E!, which is 40 percent-owned by Disney. Disney also has the right to trigger a sale if it wants to exit, although the theme park and media company has not done so.
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Comcast Corp. is in talks to buy Walt Disney Co's stake in E! Entertainment Television, giving it complete ownership of the cable network it manages, a source familiar with the matter said on Monday. The talks are part of a larger ongoing discussion over carriage agreement by Comcast of Disney channels, the source added. A deal on E! could take some time to reach or might not happen at all, the source said. Comcast is the managing partner in E!, which is 40 percent-owned by Disney. Disney also has the right to trigger a sale if it wants to exit, although the theme park and media company has not done so.
Posted By: Figment! @ 10:33 PM | 
