Elon Musk hints at aquiring Disney.

[The Grand Illuminist]

If true and goes through with it. It becomes our problem, the citizens problem, people who believe in the ever forward principles of rights, democracy, and the greater good. We laughed about it when he threatened to buy Twitter, and he won. We need to stop the problem before it ever has a chance to become a problem, even if he has a very bare chance. The "If you can’t beat it, buy it" shit is really pissing me off.

[Buckeyeblue]

1. I can't believe he has the money for that

[Coventina]

2. I don't think even Musk could afford Disney.

I could be wrong, but the cost of Disney would make acquiring Twitter look like pocket change.

How could you even put a value on Disney?

Disney includes:

The theme parks
The cruises
The time shares
The movie studios
ABC
FOX
Star Wars
Marvel
Dreamworks
on edit: The Muppets!!
I knew I was forgetting something....

I'm probably forgetting a bunch of other stuff as well.

I just don't see it.

[Cha]

6. TY

[speak easy]

72. If Musk bids, Apple should step in and buy Disney.

Apple has more money than Musk. It is a liberal American company, not a looney South African 'sick fuck'.

[Cha]

74. TY.. Is Disney for Sale?

[getagrip_already]

78. Its a publically traded company, its bought and sold every day

Now whether someone could squire a controlling interest is another question, but the board would be legally obligated to consider any bona fide offer in the best interests of shareholders.

[Cha]

81. Ohh... TY!

[mahatmakanejeeves]

80. I thought we were supposed to hate Apple. NT

[ProfessorGAC]

18. Disney's Market Cap Is Almost $203 Billion

That's over 80% of Musk's net worth.
Plus, they carry over $46 billion in debt. (BTW: that makes their debt:equity under 0.3, which is very good.)
Taking on more debt, in addition to the Twitter acquisition debt (D/E nearly 3.0), will make it hard to find funding.
His attempt will drive up Disney stock price, making it even tougher.
And, then the real problem which is he would have to sell Tesla stock, and that action by HIM would likely cause the stock value to seek its true level. Which means he has to sell even more, and the shares left would be worth less.
This is wishful thinking & I believe it will never come close to happening.

[The Grand Illuminist]

19. As I said.

The same was said about Twitter and we all laughed and believed it won't happen. We all need to be of highest vigilance, even in a smallest percent.

[ProfessorGAC]

20. We Disagree

I never said that about Twitter, so don't put words in my mouth.
Second, the debt load from the X acquisition is a factor that didn't exist in that deal.
Those numbers were readily available in my first post. You chose to ignore them.
The diminution of other equity is a financial killer. I specifically made that case. You chose to ignore that, too.
You're comparing apples to elephants in your accusatory example.
He's not going to obtain a controlling interest in Disney.
You can wring your hands over this if you wish.

[The Grand Illuminist]

44. Wasn't talking about the numbers you posted.

Just the possibilities. I am a firm believer that anything is possible. No one ever thought Musk would buy Twitter. That was what I was pointing at. Wait and see, yes and of course he may not aquire it with guys like Nelson Peltz backing him, again vigilance is of highest essential.

[Hassin Bin Sober]

63. Musk was able to make a cash offer for twitter (with margin loans and debt financing) and take it private.

He would never be able to take Disney private like he did Twitter.

I suppose he could get some hedge fund investors but do you really think a hedge fund is going to put up a couple hundred billion so this clown can send their investment to money heaven like he did twitter?

Or does he go to the current Disney shareholders and say “put me in charge I hate the company!”?

Heck, his lenders on the twitter deal were talking about taking a major haircut selling their debt paper within weeks of the closing.

[kysrsoze]

69. I'll bet the Saudis would be willing to bankroll it. Look what they're doing to golf, tennis, motorsports, etc.

They want to park their money and weave themselves into world and US establishments, and this is chump change to them. They had no issue backing this moron for twitter funding, and despite losing almost all their investment, he hasn't been chopped up like Jamal Khashoggi.

[unweird]

87. It's all money laundering on a giga-global scale

I think you’re right that mideast money could flow in for something like this.

[Attilatheblond]

26. Comparing Twitter with Disney? ROFL

Ah, no. He would not actually manage to buy Disney.

[MorbidButterflyTat]

84. What are we supposed to do about it?

[LetMyPeopleVote]

30. My family go to Walt Disney World on a regular basis

I also doubt that Musk has the money to buy Disney. This especially after the Delaware Chancery Court just slapped Musk down and may cost Musk $56 Billion from Tesla.

[BannonsLiver]

64. To your point Disney stock was up a few dollars per share Thursday.

My only real concern is if he got some of his creepy tech bro friends to go in on a deal but he also seems like one of those people who like to operate on their own.

[LetMyPeopleVote]

32. When the kids were younger, I had a Disney Vacation Club time share

I sold this when the kids were in college/law school. Now my oldest has a DVC time share. The whole family was at WDW in early December.

[PatSeg]

47. I was thinking the same thing

Musk isn't quite the all powerful god he thinks he is.

[Fla Dem]

90. Not the whole empire. Disney looking to sell ABC.

Why Disney wants to sell ABC?
Disney CEO Bob Iger said during an interview with CNBC in July that the company was looking to sell off many of its properties in linear television,—the traditional television viewing style involving channels with scheduled programming lineups—stating the properties “may not be core to Disney.” Iger, who rose up the ...Sep 14, 2023

A sale of ABC and other legacy media assets could help the company reposition itself.
Seasoned investors know that Walt Disney (DIS -1.95%) is more than just the theme parks and content associated with the Disney brand name. The entertainment conglomerate also owns Marvel, Pixar, Star Wars, ESPN, ABC, Hulu, and a slew of cable networks, including those it gained from Fox in its 2018 deal.

For years, ABC was a core component of Disney's media empire. In fiscal 2019, its broadcasting division brought in $8.3 billion in revenue and $1.35 billion in segment-operating income, about 9% of its total segment-operating income that year.

https://www.fool.com/investing/2023/09/23/disney-stock-turnaround-closer-than-you-think/#:~:text=Key%20Points,to%20be%20coming%20into%20focus.

[Cha]

3. Fucked UP musk head:

[sheshe2]

55. I doubt Disney would even sell to him.

[ificandream]

4. I hope to God not.

Disneyland has been a place our family has enjoyed several times. I'd hate to not visit it again because Musk owns it.

And do you really think the stockholders will sell to him? I wouldn't think so.

[bdamomma]

37. Geez,

I hope not either, look at what he did to Twitter, it's a dump now. Elon Musk should just step back.

[brooklynite]

5. It's easy to put a value on Disney: $202.7 Billion

That’s the market capitalization of it’s entire stock.

The better question is: why would “Elon Musk says…” be of any significance?

[Johonny]

10. I wonder how fast Elon could destroy that?

I assume buying enough stocks to take over would drive the price way up. Good for me as a share holder. I would dump it as he's not shown a flair for the entertainment industry.

[tinrobot]

17. He'd have to come up with 51% of that.

Last edited Thu Feb 8, 2024, 07:34 PM - Edit history (1)

A little over $100 million. BILLION

It's a stretch, but not completely out of the realm of possibility.

[Attilatheblond]

28. Point of order: 51% of $202.7 BILLION is considerably more than 'a litte over $100 MILLION'

Just, you know, math-ing here, and I could be wrong but a billion has a slew more zeros.

[tinrobot]

38. Typo, sorry

[manicdem]

49. 25% is all that's needed

He doesn't need to get 51% of the vote, because there are already funds and billionaires who hold stock that side with him. If he acquired 25% of the stock, Elon's side would probably have over 51% overall to control the board.

[Johonny]

41. Wouldn't he likely need to come up we more

Than 51% of current value. The act of buying will drive up the price. And if it's Elon buying it might drive it up to pathological levels.

[tinrobot]

43. Most likely. It happens with many hostile takeovers.

And this would certainly be hostile.

[onenote]

7. I hope it never happens, but exactly how do you propose we "stop" it?

[TSExile]

8. Dear God, please...NO!!!

Hasn't he ruined enough things???

[bucolic_frolic]

9. Oh! So that's why DeSantis was weakening Disney, so Elmo can gobble up media companies

and make them right wing!

[Coventina]

14. Please don't defame Elmo!!!!

?v=1649609894&width=3000

[PufPuf23]

11. Musk is a national security risk. nt

[sinkingfeeling]

12. OMG, can you image Disney World ran like X?

[LeftInTX]

62. Knowing Musk, he would perform brain implants there.

[Sympthsical]

13. I saw people online acting as if this was a fait accompli

I was like, "WTF did I miss now? Was I asleep for two weeks or something?"

We really are having a crazy busy news cycle this week.

[Blue Owl]

15. Nooooo.... just, no....

Just because he has the money doesn't mean they have to sell out to him....

[hlthe2b]

16. That would be the end of Disney. n/t

[PatSeg]

50. Undoubtedly

He tarnishes everything he touches.

[Initech]

21. He lost the GDP of a small country buying Twitter.

Fucking insanity. This crap has got to stop.

[Zeitghost]

24. He paid 44 Billion for Twitter

It's current market cap is 41 Billion. So he's lost 3 billion on paper. Hardly a problem for Musk.

[getagrip_already]

82. Not hardly.....

He took the company private, and it's market cap is estimated at closer to $13 Billion.

And it's falling as he drives away advertiser's and users.

Nice try though.

[PSPS]

22. LOL. And where did you get word of this?

Rumors like this are telltale signs of a "pump and dump." Unlike twitter, which is just a glorified bulletin board that addicts its users, Disney has actual real property and provides tangible services and products to actual human bodies that are physically present. The shareholders wouldn't sell their shares unless it were at a large premium to compensate for their guaranteed loss of future value.

[Eugene]

52. Musk dropped a hint and the right-wing social media ecosystem is running with it.

There's a proxy fight going on between investor Nelson Peltz and Disney's management.
Musk is hinting at supporting Peltz, the the Right's latest champion in the "War on Woke."

[applegrove]

23. The oligarchs ruined the town square (Twitter) now

watch them ruin childhood. It is how they roll into every arena of good information. It is said that there are explorers who discouver or create and exploiter of that information. Nobody else. Musk is an explorer pretending too be an exploiter. He knows not what he is doing to the US. He should stick to inventing things. He is a useful idiot to the right.

[Attilatheblond]

34. Some old cranks just can't stand it when the rest of us have any fun at all. Oligarchs are NEVER happy/never enough

And Musk IS an old crank, who should NOT be entrusted with a huge chunk of our space program.

Also, isn't the Tesla Board a bit annoyed with how much they are already overpaying him while he bounces from expensive hobby to more expensive hobby?

[yardwork]

25. Anti-democracy billionaires don't need Disney destroyed, so it won't happen.

Musk was given the funds to buy Twitter because it was annoying authoritarian regimes and they knew that Musk would drive it into the ground. They had him buy it to destroy it.

I don't think the mouse is a threat to Saudi Arabia.

[Irish_Dem]

31. But yes Disney is a threat to those who hate democracy.

Disney is inclusive, is LGBT friendly, and has a very diverse employee group.

It is also a very successful iconic American brand. Putin and China would love to destroy it and make
it seem evil.

[Irish_Dem]

27. We could take bets on how long it would take Musk to ruin Disney.

[edhopper]

29. Disney's Market Cap

is $200 billion. He would have to sell all his Tesla stock and find investors. After Twitter, no one is lining up to help him screw up another company.

He is blowing smoke like he always does.

[Irish_Dem]

33. This man must be doing nonstop drugs.

[Takket]

35. it takes more than many to buy a company. you have to have a seller too

and Disney is not selling to musk

[Mike Nelson]

36. Yuck...

... I won't be doing much Disney, if he buys. His problem is that he "remakes" the property in his stupid political image. X/Twitter is filled with his idiotic observations. Over at Meta/FB, Zuckerberg post pictures of his family. Big difference. Elon is poison to a brand...

[mahina]

39. Can you imagine the dystopian world of make-believe floating around in his big empty head?

Ugh. No thank you.

[keithbvadu2]

40. The happiest folks in the Twitter purchase were the stockholders, forced to sell... at full price.

[struggle4progress]

42. If he wants to ruin himself by buying Disney and burning it to the ground,

that's fine with me: it'll cost him a lot more than Twitter did, and he has no obvious talent for that business, so he can probably trash the company faster than he trashed Twitter

[The Grand Illuminist]

48. With the risk of ABC as part of the deal?

And pervert the news division to Musk/Trump standards, the stakes are much higher if a purchase is attempted.

[struggle4progress]

51. We can fight if he actually moves: right now he'd just outgassing

[The Grand Illuminist]

57. Exactly

It is more than just a mouse and a lightsaber at stake. But if he moves.....

[TSExile]

45. Don't any of Walt's relatives/descendants have any stake in the company?

Wouldn't they have any say in any potential sales anyway?

[honest.abe]

46. In his dreams.

Idiot.

[maxrandb]

53. Careful Eloon. Think about what happened to the last little man

with delusions of adequacy that tried to take on Mickey.

[LiberalFighter]

54. He needs a hose of ivermectin up his bunghole.

[Kennah]

59. What makes you think he's not doing that right now?

[Bluethroughu]

56. The rich have to much money, it's time to tax the money out of them

And build the country we ALL deserve!

[IcyPeas]

58. Reminds me of Banksy's art installation "Dismaland" watch:

This is a 360° video, in other words you can move it around.

[LeftInTX]

61. Yeah.....Dismal is right...

[LeftInTX]

60. How unfun! Will he conduct brain implants at DisneyWorld?

[Rstrstx]

65. Think of the new ride theming

Exploding Rocket Rods, Tesla Ludicrous Test Track, Expedition Mining Everest, It’s A Straight World

[scarletlib]

66. Mickey, Minnie and Donald made over with Nazi Uniforms with an X logo.

I see Mickey with a little Hitler style mustache and a baton to carry. The baton can be used to hit the people who don’t show enough enthusiasm for their new Overlord.

[Buns_of_Fire]

67. Welcome to Musky World - Home to Mickey Musk, Pirates of the Boardroom,

Mr. Tesla's Wild Ride, and many other fan favorites.

[themaguffin]

68. Remember, MOST of the money to buy Twitter was NOT his and was FOREIGN

[bif]

70. Is he going to change its name to "Z"?

[Historic NY]

71. He hasn't got enough money

thats obvious because X is loaded with cheap Chinese crap ads

[Hassin Bin Sober]

73. I love how half the ads have "community notes" attached saying this is a scam and a ripoff.

[Autumn]

75. Well that sounds like a death knell to Disneyland. But if the magic Kingdom went broke I can't figure out

what it would have to do with the principles of rights, democracy, and the greater good. Disappointed kids sure but there are other things to do.

[samnsara]

76. he ruins everything he touches cuz hes richie rich and BORED!!!!

..his 'toys are our lives.

[Freethinker65]

77. Meh. Not a Disney fan.

Disney already can't find workers for theme parks. Turn the parks into DeSantis/Musk theme parks and watch them rot.

Musk would be forced to sell off entertainment assets to pay the debt.

[no_hypocrisy]

79. Would the shareholders agree to a sale?

[Johonny]

83. No, not at current stock price

Meaning Musk would likely have to drive the asking price to absurd levels. Remember how much he overpaid for Twitter. It could be much worse for a hostile taker over attempt of Disney.

[MorbidButterflyTat]

85. "Elon Musk hints at aquiring (sic) Disney."

Where? What was the hint? Is there a link to something?

[Kid Berwyn]

86. If you like Rupert Murdoch...

You’re going to love Josef Goebbels 2.

[limbicnuminousity]

88. Great.

No doubt ketamine-fueled dreams of Belle, Jasmine, and Ariel on a magic carpet ride will be incorporated in the design of the next Tesla model.

His automotives catch on fire. His spaceflight is iffy. He lords over satellite data deciding whether or not to share with Ukraine. He bought a social media platform and turned it into a watering hole for racists, destroying 75% of the platform's value. And now he wants to own the House of Mouse? It's a Small World will be more populated with landmines than the DMZ.

[Xolodno]

89. Doubt he could afford a 25% stake in Disney or even 20%.

After his twitter fiasco which required him to sell off some of Tesla's stock and significantly reducing its value, also doubt anyone would give him the financial backing. And other large shareholders in Disney will demand a higher premium price for it as well.

He would have to sell off one of his major assets completely, such as Tesla, SpaceX or Twitter(X) to do it. Doubt he's interested in that.

Nor can he just save money on it by firing off a bunch of people, Disney is notoriously lean already and known not to be the best in pay out there.

To recoup, he would have to sell portions of the company, which would reduce its value and revenue streams, doubt the shareholders would go with that. Disney has hinted at selling off ABC, but that money will be used to buy something else, Sony Studios?

Plus former CEO Eisner in a bid to reduce costs, slashed Imagineering to practically nothing. Thinking it would be cheaper to hire them on a contractor basis instead when he needed them. That backfired immensely, when it came to building a new theme park, expansion, revamp, etc. He couldn't hire them as they were all contracted out to other companies, countries, etc. working on their theme parks. So he had to push back the timing of ALL their plans which affected revenue at the parks. He got a lot of heat for that and is one of the things that led to his demise as CEO.

And finally, after corporate raiders tried to take down Disney in the early 80's, the board created numerous poison pills, etc. that would cause a hostile buyer even more heartburn. It could actually ruin him.