Time Warner and Pixar may join fight for Disney

[ringmastery]

http://nypost.com/business/17782.htm

February 12, 2004 -- Time Warner is weighing a possible bid for Walt Disney Co. to counter Comcast's surprise hostile takeover offer for the beleaguered entertainment giant, The Post has learned.
Time Warner, the world's biggest media company, was scheduled to hold a conference call with investment bankers yesterday afternoon to discuss the possibility of making a run at Disney, say sources familiar with the situation.

Meanwhile, Pixar Animation Studios' Steve Jobs was understood to be in active discussions with parties, including cable operators, about putting together a team to emerge as a potential white knight for the Mouse House.

A Time Warner spokesman declined to comment on whether the company would make a bid for Disney but did say Time Warner "has not engaged bankers." Pixar declined comment.

Potential suitors for Disney, including Time Warner, Viacom and Pixar, are being forced to jockey for position in what may turn into a bidding war for the storied entertainment giant following the $66 billion unsolicited takeover bid that Comcast launched yesterday.

[aquart]

1. Pixar buy Disney? Oh, Irony.

If Time Warner attempts to buy Disney, they should be dismantled company by company. That would be obscene.

[pinniped]

2. I hate Concast and hope they fail in their quest.

n/t

[Voltaire99]

3. Ditto

Nice knowing my outrageous Comcast bill is going to help it grow fatter still.

Mono culture sucks.

[NashVegas]

4. Is No One Else Amused

By ABC's highlighting of this, and their utter silence when Murdoch bought DirectTV? Peter Jennings plugged this story in midday promos for WNT yesterday.