Channel: Midway to Main Street

Category: Entertainment

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Description: In 1984 Walt Disney Productions was out of time and low on options. After the $200 million acquisition of Arvida failed, Disney made one more big move to try and ward off corporate raider Saul Steinberg and his hostile takeover attempt, and it wasn't a cheap one. New here? Be sure to subscribe! 🔷goo.gl/x17zTL My Patreon! ❤patreon.com/RobPlays My Disney History Book List! 📚robplays.com/books My Disney Podcast! 🎧ttapodcast.com Follow me on Twitter! 📱Twitter.com/RobPlays Additional Sources Taylor, John. Storming the Magic Kingdom: Wall Street, The Raiders, and the Battle for Disney. Ballantine Books, 1988. Stewart, James B. Disney WarW. Simon & Schuster Paperbacks, 2006. “Arvida being cut loose”, Fort Lauderdale News, 19 Dec 1983, p9 “Management buys back Arvida”, The Miami Herald, 28 Oct 1983, p E1 “They called in the Texans, risked every cent, then won”, The Miami Herald, 28 Nov 1983, p7 “Pennsy Railroad Buys Arvida”, The Miami Herald, 27 Jul 1965, p1 “A Banker, A Railroad Alter Arvida’s Course”, The Miami Herald, 24 Oct 1965, p10B “25th year will mean challenge”, The Miami Herald, 06 Jan 1984, p2BE “Disney acquires Arvida for $200 million in stock”, South Florida Sun Sentinel, 18 May 1984, p1 “Arvida has growing Central Florida stake”, The Orlando Sentinel, 18 May 1984, pA9 “Disney plans to buy big development firm”, The Orlando Sentinel, 18 May 1984, pA1 “A new owner, but same old history for Arvida”, South Florida Sun Sentinel, 04 May 1987, p8 “St. Joe and Arvida: Putting the pieces together”, The Palm Beach Post, 03 May 1998, p1F “Turbulent history makes way for solid future”, The Palm Beach Post, 03 May 1998, p1F “Chief executive at Walt Disney resigns”, The Journal Herald, 08 Sep 1984, p12 “Disney takeover threat ends”, The Dispatch (Moline, Illinois), 05 Oct 1984, p30 “Saul P. Steinberg, Icon of the Corporate Takeover, Dies at 73.” The New York Times, 11 Dec. 2012 "Bass family buys more of Texaco; Getty deal delayed" Chicago Tribune, Jan 20 1984 "Arvida: a timely acquisition for Walt Disney Productions" Fort Lauderdale News, Jul 9 1984 "Steinberg Will Seek To Oust Disney Board" St Louis Post Dispatch, May 30 1984 "NYC-Pennsylvania Railroad Merger Given Approval", The Daily Reporter, Jan 15 1968 "NY financier 'turns up heat' on Disney" The San Francisco Examiner, Apr 27 1984 "Disney buys Arvida to stop takeover" The Tampa Tribune, May 18 1984 "Saul makes his move", NY Daily News, Jun 9 1984 "Greenmail makes Disney weaker, stock analyst says", South Florida Sun Sentinel, Jun 13 1984 "Disney Gave In To Greenmail, Analyst Says", St Louis Post Dispatch, Jun 13 1984 "Disney Is Latest Greenmail Victim", Burlington Free Press, Jun 17 1984 "Roy Disney Joins Board Again and Wins Two Seats for His Associates", Los Angeles Times, Jun 23 1984