On February 11, 2004, Comcast announced a $54 billion bid for The Walt Disney Company, as well as taking on $12 billion of Disney's debt. The deal would have made Comcast the largest media conglomerate in the world. However, after rejection by Disney and uncertain response from investors, the bid was abandoned in April. The main reason for the buyout attempt was so that Comcast could acquire Disney's 80 percent stake in ESPN, which a Comcast executive called "the most important and valuable asset" that Disney owned. COUNT 5
QSN1 What media conglomerate did Comcast try to buy in 2004? ANS1 The Walt Disney Company QSN2 How much money did Comcast offer for this company? ANS2 $54 billion QSN3 What month in 2004 did Comcast drop it's bid for this company? ANS3 April QSN4 Comcast dropped their bid to focus on acquiring what sports network? ANS4 ESPN QSN5 Besides offering money, what else did Comcast include in their proposal to buy Disney? ANS5 taking on $12 billion of Disney's debt