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Elon Musk promises to 'definitely' buy Disney stock if investors elect Nelson Peltz to the board

Posted on AllSides April 3rd, 2024
From The Center

Elon Musk, the world’s third richest man, promised Disney shareholders he would dip into his vast wealth to buy up stock in the troubled entertainment giant if they voted hedge fund manager Nelson Peltz onto the board today. The activist investor is losing a bitterly-fought proxy war with Bob Iger, whose decision to halt ad spending on X threatened to bankrupt Musk’s social media company. The Tesla boss retaliated by calling for Disney to sack its CEO and is funding a wrongful dismissal lawsuit against Disney filed by actress Gina...

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