Franchises

MLB APPROVES WALT DISNEY CO.'S BID TO ACQUIRE ANGELS

1.19.1996

     MLB announced yesterday that owners approved the Walt Disney
Co.'s acquisition of a 25% interest in the Angels, effective
March 18.  Disney will also assume the role of managing general
partner.  The Angels will be a part of Disney Sports Enterprises
Inc., joining the Mighty Ducks, acquired by Disney in December
'92.  Disney has the option to purchase the remaining 75%
interest in the team at a later date, and the acquisition is
contingent upon reaching a lease agreement with Anaheim in the
next 60 days (Disney).  Jan Hopkins reported Disney stock was up
1/4 to 59 3/4 after the news ("Moneyline," CNN, 1/18).  Disney
CEO Michael Eisner: "I just come from the theory that when
everybody is talking bad about something that's basically good,
it's the time to get into it" ("SportsCenter," ESPN, 1/18).

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