Virtually every major newspaper is all over the Comcast bid for Disney. My vote for best coverage so far is the Wall Street Journal (subscription required), although the LA Times and the NY Times are doing a good job, too. Past posts about the proposed merger are here and here.
Professor Stephen Bainbridge of the UCLA School of Law made the interesting observation in his blog yesterday that the absence of a poison pill in Disney’s corporate takeover defense strategy may ultimately play an important role in the success of Comcast or some other company’s bid for Disney. In so doing, Professor Bainbridge provides an excellent summary explanation of poison pills and how they are used to fend off hostile takeovers.