Disney to assume debt of Euro Disney

Posted | Contributed by Jeff

The Walt Disney Co. is stepping in to take over the debts of its Disneyland Paris resort in an attempt to put it on a sustainable financial footing after 20 years of disappointing results. The Burbank, Calif., entertainment giant, which owns just under 40% of the French company that operates the resort, Euro Disney SCA, will be providing 1.33 billion euros ($1.7 billion) under a refinancing deal.

Read more from Time.

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