Disney Undecided On ABC Sale

  • The Walt Disney Company on Thursday said it has not made any decisions on the sale of the ABC television network.
  • “While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” the entertainment company said in a statement.
  • According to a Bloomberg report, media personality and producer Byron Allen offered Walt Disney $10 billion for ABC TV, local stations, the FX and National Geographic cable channels.
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