The Wall Street rumor mill was swirling last week with the news that Verizon Communications may be considering a takeover of Walt Disney Co. This is a result of a piece that ran in the New York Post on Saturday.
According to the report, Verizon has already purchased both AOL and Yahoo as a part of a broader plan to improve their content offerings putting them on equal footing with AT&T (who similarly has its sights set on Time Warner.)
However, the rumor has been met with much skepticism from Wall Street insiders who argue that the money needed by Verizon to make such a deal would require them taking an a huge level of debt.
It has also been suggested that though there are portions of Walt Disney Co that would be particularly appealing to Verizon (namely ABC, ESPN, Pixar, and Star Wars) the company would have little interest in acquiring the theme parks both in the States and abroad.
Another counter to this is that rumors have also been circulating that Disney is looking to make acquisitions of its own including a potential buyout of Netflix Inc. which boasts both a large distribution network and a massive library of digital content.
It will be interesting to see how this story plays out in the weeks ahead. Readers are encouraged to keep watching this space for the latest updates.
Thinking about a visit to Disney? There are still fantastic 2017 packages to be had! Fill out our form below to receive your FREE quote.
Find articles like this helpful? Then why not consider working with an Authorized Disney Vacation Planner? As an agent with MickeyTravels, I’ll be on hand to help you with everything from finding your perfect package to nabbing those hard-to-get dining reservations and sharing tips and tricks to help you get the most out of your time at the parks. Best of all my services are absolutely FREE. Get in touch at 1.800.801.4025 via email at email@example.com or follow along on Facebook.
Image copyright Disney
Source NY Post.
Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.
Get started below for your FREE No Obligation Quote.
Book With our friends at Destinations to Travel
For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!