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Disney rules out AOL buy out


Does not want another Mickey Mouse outfit

Walt Disney
CEO Robert Iger has ruled out buying AOL, which may be up for sale soon.

Iger said Disney was looking for new ways to adapt as people make greater use of technology to get entertainment, however AOL was not the way forward. He did say that he was thinking about the possibility of making acquisitions, but did not say where.

Iger said the company has sold some 4 million movies and 40 to 50 million TV shows from its ABC network over iTunes in the arrangement's first 18 months.

More here.

Last modified on 13 March 2008
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