Swiss company has eye on Euro Disney
Written by Robert Niles
[Thanks to TPI reader David Graham for the tip.] A Swiss businessman called a press conference to announce that his firm is trying to take over Disneyland Paris parent EuroDisney.Tweet
The collective reaction: Huh? What? Who the heck is this guy?
Of course, when your balance is sheet is a wreck, as EuroDisney's has been for many years, thanks to misreading real estate and hotel markets and unfortunate finance and licensing deals, among other mishaps, your company's at risk for this type of shenanigans. (For the record, though, the problem with the company ain't the parks. Or public demand for them. The problem is, as it so often is in the modern economy, the suits.)
Still, maybe the guy can scrounge up enough shares to get some comp tickets, or something.
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