- Walt Disney (NYSE:DIS) says it is buying an additional 9% stake in Euro Disney (OTCPK:EUDSF) from Saudi Prince Alwaleed Bin Talal's Kingdom Holding for €2/share ($2.13), increasing its holding in Euro Disney to 85.7% from 76.7%.
- DIS also says it plans to make a cash tender offer for all remaining outstanding shares of Euro Disney at €2/share.
- DIS also will support a cash injection of up to €1.5B to fund improvements and reduce debt at the French theme park, which the company says has been hurt by the November 2015 Paris attacks and challenging business conditions in France and throughout Europe.