Bigger stake is magical for Disney
by Dominic Walsh
The Walt Disney Company is planning to take full ownership of the Disneyland Paris resort after acquiring a further 9 per cent stake from Prince Alwaleed, the Saudi billionaire.
The purchase, which lifts its holding in Euro Disney from 76.7 per cent to 85.7 per cent, has been agreed at €2 a share, and Walt Disney said it was offering the same price to holders of the remaining shares. If it gets to 95 per cent, it will cancel its listing on Euronext Paris.