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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

Bob Iger Makes Deal With ValueAct To Hold Off Critics as Disney Restructures

Bob Iger at Cannes Film Festival 2023.

The Walt Disney Co. said it made a deal with ValueAct Capital Management as it fights off a proxy fight led by activist investor Trian Fund Management and former Disney executive Isaac Perlmutter.

ValueAct, a San Francisco-based investment fund, had been reportedly building a stake in Disney of undisclosed size. Trian and Perlmutter, the former chair of Marvel Entertainment, own 44 million Disney shares. 

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