Walt Disney (DIS) posted profits from their theme-park division that beat earnings from other businesses within the company, such as their cable TV branch or their film division. These profits come from domestic parks and the new Shanghai park, which opened in June. They did not come from the European park in Paris, which has a history of under performance leading to now being re-acquired by the Walt Disney Company through a purchase of a 9 percent stake from Saudi Prince Alwaleed Bin Talal. This is not the first time Disney has helped out the Paris location, with a maneuver as recent as 2012 where Disney consolidated a number of debts into a loan backed by themselves.
The offer for the shares that Disney wishes to acquire is 67 percent higher than Euro Disney’s closing price Thursday.