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...Walt Disney’s Bob Iger is locking up powerful supporters ahead of Wednesday’s annual meeting clash with activist investors challenging his strategy for the entertainment giant....
...The Walt Disney Company has signed a deal with investor ValueAct Capital, ahead of a battle over the entertainment company’s future expected later this year....
...Walden, 59, arrived in 2019 following Disney’s acquisition of 21st Century Fox, where she was chief executive of the company’s television group....
...Disney’s own response was equally cutting....
...Walt Disney handily beat Wall Street’s expectations in its latest quarterly earnings and unveiled shareholder-friendly measures including a $3bn share buyback and a 50 per cent dividend increase, as it prepares...
...Iger has also drawn endorsements from heirs of company founders Roy and Walt Disney in recent weeks....
...The likes of JPMorgan chief Jamie Dimon, Star Wars creator George Lucas, Laurene Powell Jobs and the grandchildren of Walt Disney all threw their support behind Iger....
...Walt Disney chief executive Bob Iger has won the backing of influential proxy adviser Glass Lewis in his battle against billionaire activist Nelson Peltz, with the group unconvinced that the latter’s plans...
...Walt Disney has struck an $8.5bn deal to merge its India business with Mukesh Ambani’s Reliance Industries conglomerate, in a move that will reduce the entertainment group’s financial exposure to what has...
...Walt Disney has won the support of investor ValueAct Capital, as the entertainment company gears up for a fight with activist Nelson Peltz over how to boost profits and lift its share price....
...Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy...
...ValueAct started building its position in the media group this summer. Shares in Disney rose three per cent on Wednesday morning after CNBC revealed ValueAct’s stake....
...magic at Disney has officially turned into dust....
...As Iger battles Peltz, he has also secured endorsements from the grandchildren of Disney founders Walt and Roy Disney, who sent a letter to shareholders backing the chief executive....
...Disney’s sports division reported a fall in revenue and profits for the year. Iger is considering “partnerships”....
...Disney has struck an $8.5bn deal to merge its India business with Reliance Industries, in a move that will reduce the US entertainment group’s financial exposure to what has been a lossmaking venture in...
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...Walt Disney blasted activist investor Nelson Peltz in a proxy filing on Tuesday, saying he had not “presented a single strategic idea” to the company during two years of campaigning for a seat on its board...
...ValueAct Capital has built a significant stake in Walt Disney, adding another activist investor to the entertainment company’s shareholder list, as it contends with a sinking share price and a decline in...
...These could be similar to the deal it has struck with Disney over the production and distribution of Doctor Who around the world, one person familiar with the plans said....
...Walt Disney has appointed two new directors — Morgan Stanley chief executive James Gorman and Sir Jeremy Darroch, former group chief executive of Sky — just days before activist investor Nelson Peltz is...
...One scoop to start: Panera Brands, the casual dining group owned by investment group JAB, has filed confidential paperwork for an initial public offering in the US, according to people familiar with the...
...Walt Disney reported stronger-than-expected earnings for its most recent quarter and forecast that it would cut another $2bn from its costs while generating higher levels of cash in the coming year....
...Walt Disney has appointed two new directors — Morgan Stanley chief executive James Gorman and former group chief executive of Sky Sir Jeremy Darroch — just days before activist investor Nelson Peltz is expected...
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