CNBC says investor made around $1 billion
Share on linkedin Nelson Peltz, Bob Iger). Photo illustration: Gabriella Turrisi/Axios. Photos: Marco Bello/Bloomberg via Getty Images, Michael M. Santiago/Getty Imagesa bitter proxy battle to the entertainment giant.: Disney can breath a sigh of relief that Peltz, the shareholder that agitated twice in two years, has exited the stock.
Disney shareholders voted overwhelmingly in favor of the company's nominated directors, handing Trian a defeat, and giving Disney CEO Bob Iger a much needed win. Disney did not immediately respond to request for comment on Peltz's stake sale. Trian declined to comment.: Disney continues to assure investors that it's on target to make its streaming arm profitable by its fourth fiscal quarter.
Peltz had been a vocal critic of Disney's streaming strategy, arguing against its plan to launch a direct-to-consumer sports network.Share on linkedin
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