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1. According to Barney & Hesterly (2o15), a diversified firm obtains less than 70% of its revenues from any one business. Is Walt Dsiney Co. a diversified firm? (You can answer this by looking at the firms Nov. 2016 10k report, page 31.)

2. Is Walt Disney Co. a related diversifier? Why or why not?

3. Explain whether the firm's acquisition of Pixar (2006) or Marvel (2009) (choose one of the two) are consistent with your answer to Q2.

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