Editing Disneyland Paris (section)

==Ownership==
The Walt Disney Company announced a {{€|1 billion|link=yes}} plan (equivalent to {{US$|1.25 billion|link=yes}} at the time) to rescue the financially struggling Disneyland Paris resort, the ''[[Financial Times]]'' reported on 6 October 2014.<ref>{{Cite news |last=Carnegy |first=Hugh |date=6 October 2014 |title=Euro Disney faces €1bn bailout by Walt Disney parent |url=https://www.ft.com/content/332bbed8-4d2c-11e4-8f75-00144feab7de |url-access=subscription |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/332bbed8-4d2c-11e4-8f75-00144feab7de |archive-date=10 December 2022 |access-date=22 August 2018 |work=Financial Times}}</ref> The park was burdened by its debt, which at the time was calculated at about {{€|1.75 billion}} ({{US$|2.2 billion}}), roughly 15 times its gross average earnings.

Up to that point, Disney only held a minority ownership stake in the resort. In early 2017, the company purchased 9% of Euro Disney S.C.A., buying 9% from [[Kingdom Holding]]<ref>{{Cite web |title=Disney to buy most of Euro Disney |url=https://www.bbc.com/news/business-38928629 |access-date=3 September 2023 |website=BBC|date=10 February 2017 }}</ref> and issued a [[tender offer]] of €2 per share for the remaining stock. This brought The Walt Disney Company's total ownership to 85.7%.<ref name="USA Today">{{Cite web |title=Walt Disney seeks control of financially-troubled Euro Disney |url=https://www.usatoday.com/story/money/business/2017/02/10/walt-disney-increases-stake-euro-disney/97740014/ |access-date=3 September 2023 |website=USA Today}}</ref> The Walt Disney company also invested an additional {{€|1.5 billion}} to strengthen and develop Disneyland Paris.<ref name="USA Today" /> In June 2017, Disney completed its tender offer and at the time owned over 97% of Euro Disney.<ref>{{Cite web |title=Walt Disney Company acquires full control of Disneyland Paris in buyout |url=https://insidethemagic.net/2017/06/walt-disney-company-acquires-full-control-disneyland-paris-buyout/ |access-date=10 September 2023 |website=Inside the Magic|date=13 June 2017 }}</ref> It then implemented a full buyout of the shares they did not already own.<ref>[https://www.newswire.ca/news-releases/implementation-by-edl-holding-company-llc-euro-disney-investments-sas-and-edl-corporation-sas-of-a-mandatory-buy-out-following-the-completion-of-their-tender-offer-for-euro-disney-scas-shares-628219123.html Implementation by EDL Holding Company LLC Euro Disney Investments Sas of a Mandatory buy out Following the Completion of Their Tender Offer for Euro Disney Scas Shares]</ref> In 2018, after taking full control of Disneyland Paris, Walt Disney reported its plans to invest {{€|2 billion}} ({{US$|2.47 billion}}) into the Disneyland Paris resort.<ref>{{Cite web |title=Walt Disney to invest 2 billion euros in Disneyland Paris |url=https://www.businessinsider.com/r-walt-disney-to-invest-2-billion-euros-in-disneyland-paris-2018-2 |access-date=10 September 2023 |website=Business Insider}}</ref><ref>{{Cite web |title=Disney plans €2bn expansion at Disneyland Paris |url=https://www.bbc.com/news/business-43217593 |access-date=10 September 2023 |website=BBC|date=27 February 2018 }}</ref><ref>{{Cite web |title=Walt Disney makes 2 billion euros investment in Disneyland Paris |url=https://www.reuters.com/article/us-disney-france-investment-idUSKCN1GB1NT |access-date=10 September 2023 |website=Reuters}}</ref>