Elon Musk States Condition For Buying Disney
Billionaire businessman, Elon Musk has indicated a strong desire to acquire shares of The Walt Disney Company, an American multinational mass media and entertainment giant better known as Disney.
He, however, stated that he would only do so if activist investor Nelson Peltz was elected to Disney’s board.
Remember that Peltz lost his challenge to Disney’s board, with the majority of stakeholders voting against him.
Musk, who was just named as Disney’s Chief Diversity Officer, responded, saying he believed Peltz had a lot to offer the firm based on his track record.
On his X handle, he wrote: “Nelson Peltz should definitely be on the Disney board!
“He would help reform the company, improve the quality of product and generally serve in the best interests of shareholders, as he has done at many other companies.
“This would significantly improve Disney’s share price.
“While I don’t own any Disney shares today, I would definitely buy their shares if Nelson were elected to the board.
“His track record is excellent.”