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    Thursday, April 4, 2024

    Elon Musk States Condition for Buying Disney

    American billionaire and businessman, Elon Musk has spoken about what could make him buy shares of American multinational mass media and entertainment conglomerate, The Walt Disney Company, popularly known as Disney.

    According to the CEO of Tesla Motors, he would only be interested in investing in the company if activist investor, Nelson Peltz was elected to Disney’s board.

    He made this known on his X page, after Peltz lost a challenge to Disney’s board with majority of stakeholders voting against him.

    Speaking on the development, Elon Musk, who was recently appointed as Disney’s Chief Diversity Officer, said he believed that Peltz has a lot to offer the company going by his track record.

    Addressing the saga via his social media page, he tweeted: “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.”

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