Page 2 - Jay Rasulo News Today

The activist investor, who waged a battle against CEO Bob Iger and the media company's board of directors, in large part because of the company's flagging stock price, has sold his entire stake at a hefty profit.

The move comes week after Trian Fund Managements bid was shot down by Disney shareholders earlier this year

From Google investing $2 billion in Malaysia for its first data center and cloud efforts to Tesla disputing Glass Lewiss advice against Musks $56 billion pay package, heres a look at recent business developments around the world.

Billionaire Nelson Peltzs Trian Fund Management sold its entire stake in Disney after a boardroom clash. Last month, Disney shareholders supported CEO Bob Iger and the current board over Peltz.

Activist investor Peltz liquidates Disney stake after proxy battle defeat - CNBC

Peltz Sells Disney Stake After Proxy Battle Loss! Investor exits after failing to win board seat. What's next for Disney's streaming strategy?

In early April, Nelson Peltz's Trian lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees.

The billionaire businessman, investor and Trump supporter owns a significant part of Disney’s shares, and he wants to end the company’s ‘woke drift.’ So far, Peltz has failed, but he has secured the support of Elon Musk

We've also got a look at Disney's victory and chat with Spire Global CEO Peter Platzer to discuss the company's partnership with Nvidia and uses for satellite data.

Roughly 68% of the entertainment giants total 1.83 billion outstanding shares were represented at the meeting