Disney increases stake in EuroDisney, makes offer to buy it outright

Posted Friday, February 10, 2017 9:49 AM | Contributed by Jeff

Walt Disney Co. plans to take full ownership of its ailing theme park in Paris to get the resort under control after 25 years of ups and downs at its first and only outlet in Europe. Disney is acquiring a 9 percent stake in Euro Disney SCA from Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Co. for 2 euros ($2.13) a share, payable in Disney stock.

Read more from Bloomberg.

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