COMACAST, number one US cable operator has launched a hostile take-over bid of USD 66 b, debts included for the DISNEY group, the world's number two in the media, behind TIME WARNER. COMCAST is proposing a change of shares and has valued DISNEY .HSRES AT USD 26.47, which the markets don't see as being very generous. If the deal goes through, DISNEY shareholders will hold 42% of the new company, whose annual turnover would be above USD 45.4 bn (calculated on the basis of results from 2003 of...