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Disney Gets Support From 2 Activists Amid Board Fight

Law 360 M&A

Blackwells Capital and ValueAct Capital on Wednesday both spoke out in support of The Walt Disney Co. as the company tries to fend off two other activist firms in their attempt to get Trian Fund Management's Nelson Peltz nominated to the Disney board of directors.

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Disney To Acquire Remaining Stake In Hulu: Here's How Much Streaming Platform Could Be Worth In Deal With Comcast

Benzinga

A battle between two media giants over the valuation of a leading streaming platform is almost at its end with a deal announced by Walt Disney Co. What Happened: Disney shares struggled in 2023 , but the company may have a catalyst or an item that needed more clarity before finally putting it to rest.

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Trian Decries Disney's 'Spaghetti-Against-The-Wall' Strategy

Law 360 M&A

Walt Disney Co. shareholder and activist investor The Trian Group is taking a public swipe at the company's performance, criticizing its "fairy tale" and "spaghetti-against-the-wall" strategy to improve profits.

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Disney Thwarts Trian Revolt, Retaining All 12 Board Members

Law 360 M&A

Walt Disney Co. shareholders re-elected the entertainment company's 12 current board members at a shareholder meeting Wednesday afternoon, rejecting all nominees pushed by activist investors Trian Fund Management and Blackwells Capital.

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What's Going On With Walt Disney Stock Thursday?

Benzinga

Walt Disney Co (NYSE: DIS ) is trading lower Thursday amid reports of CEO Bob Iger roping in former executives Kevin Mayer and Tom Staggs to figure out ESPN as its dismal revenue weighs on the company. Also Read: Full story available on Benzinga.com

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Blackwells Calls Out Disney For 'AI Mediocrity' In Proxy Battle

Law 360 M&A

Blackwells Capital ramped up its activist investor campaign against The Walt Disney Co. on Monday, laying out a "strategic plan" that includes calls for the storied entertainment company to rise above its current "technological shortcomings," including its "AI mediocrity."

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Disney Partners With ValueAct Capital For Strategic Counsel In Anticipation Of 2024 Shareholder Meeting

Benzinga

In a move to fortify its strategic posture, The Walt Disney Company (NYSE: DIS ) has brought onboard investment firm ValueAct Capital. The firm will provide strategic counsel and bolster Disney’s director nominees in preparation for the 2024 annual shareholder meeting. Full story available on Benzinga.com

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