Disney secures support from activist investor ValueAct Capital
In a significant development, The Walt Disney Company has garnered support from ValueAct Capital, a notable activist hedge fund. This backing comes amid board challenges posed by billionaire financier Nelson Peltz. ValueAct Capital, renowned for its constructive engagements with boards, expressed its support for Disney’s director nominees. This move highlights the growing trend of activist investors showing interest in Disney’s stock as the media giant grapples with various business challenges.