Prince Alwaleed Bin Talal Alsaud

Disney to invest big money on a struggling Euro Disney

Disney to invest big money on a struggling Euro Disney

Hoping to turn around a struggling Euro Disney, the Walt Disney Co. announced plans Friday to buy out all other shareholders and invest $1.6 billion  in the Paris resort.

The financial bailout is the second in three years for the European theme park, which has reported weak financial results and sluggish attendance numbers amid terrorism fears in France.

“Today’s announcement reflects the Walt Disney Co.’s continued confidence in Disneyland Paris and in France and will enable Euro Disney to continue improving and investing in the resort,” the company said in a statement.

Disney representatives declined to elaborate on improvement plans, except to say that...

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