Reported 4 months ago
Billionaire investor Nelson Peltz has sold his entire stake in Disney for $1 billion, following a proxy battle. Peltz, who owns Trian Fund Management, sold his shares at $120 per share, adding to his wealth. This move comes after Disney shareholders rejected Peltz's request for multiple board seats, and his criticism of the company's performance and "woke" messaging in its content. After the sale, Disney's stock price dropped to around $100 per share.
Source: YAHOO