ValueAct Capital Builds Significant Stake in Disney Amid Board Seat Push by Nelson Peltz

Disney exceeds Q4 expectations and plans $2 billion in cost cuts as it seeks strategic partners for ESPN's direct-to-consumer version.

Activist investor ValueAct Capital has built a significant stake in Disney, with the company's theme parks and consumer products division alone valued in the low 80s per share.
ValueAct began buying Disney stock during the Writers’ Guild of America and SAG-AFTRA strikes and is still growing its position.
ValueAct's move comes as Trian Fund Management founder Nelson Peltz is making a renewed push for multiple seats on Disney’s board, backed by former Marvel Entertainment chairman Ike Perlmutter.
Disney beat Wall Street expectations for its fourth quarter of 2023 and announced an additional $2 billion in planned cost cuts.
Disney is currently seeking strategic partners for ESPN to assist with content or distribution for a direct-to-consumer version of the sports network targeting a 2025 launch.