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Comcast Drops Disney Offer
Updated from 7:46 a.m. EDT
Bowing to the market's wishes, Comcast
The news came as Comcast posted solid first-quarter numbers and said it would resume a $1 billion stock buyback plan. Meanwhile, Disney's board publicly reaffirmed its faith in CEO Michael Eisner Tuesday night. Comcast shares surged in early action before giving back those gains; they were unchanged around midday. Disney's shares dropped 2%. ...
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