Disney to Pick Up Remaining Jetix Shares

BURBANK,
December 8: The Walt Disney Company has entered into agreements to acquire outstanding
shares of Jetix Europe, bringing its ownership of the pan-European kids outfit
to approximately 96 percent.

Disney
plans to buy outstanding shares for 11 euros ($14) per share. The deal is
expected to be complete by the end of the year, and Disney intends to combine buying
outstanding shares outright with statutory buy-out proceedings. Disney and Jetix plan to seek
termination of Jetix's listing on Euronext Amsterdam.

Disney
acquired its original stake in Jetix Europe when it purchased Fox Family
Worldwide from News Corp. in 2001.

"Television
continues to be a strong brand builder for Disney around the world and this
investment enhances our efforts to reach kids and families," said Anne Sweeney, the co-chair of Disney Media Networks
and president of Disney-ABC Television Group. "By achieving operating
efficiencies, we will have additional opportunities to create more
family-friendly programming and locally-produced content across Europe."

—By
Kristin Brzoznowski