Disney Will Delist Its Paris Theme Park
- Disney can force a mandatory buyout of remaining stock
- Struggling Paris park had been bailed out at least three times
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Walt Disney Co. will delist its first and only outlet in Europe, ending a 27-year run as an independent company for the Paris theme park that has struggled to match the popularity of its U.S. counterparts and had to be bailed out by its parent at least three times.
Disney now holds more than 97 percent of the capital of Euro Disney S.C.A. after it started a public tender offer for the European unit last year, the company said in a statement Tuesday. Disney raised its stake in February by buying 9 percent from Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Co. for 2 euros ($2.24) a share in stock and offered other investors the same terms.