Billionaire businessman Elon Musk has stated his keen interest in purchasing shares of the American multinational mass media and entertainment conglomerate,
The Walt Disney Company, also known as Disney. However, he made it clear that he would only proceed with the purchase if activist investor Nelson Peltz was voted onto Disney’s board.
Despite Peltz’s unsuccessful challenge to Disney’s board, Musk, who was recently designated as Disney’s Chief Diversity Officer, remains optimistic about Peltz’s potential contributions to the company based on his past achievements.
On his X handle, he wrote: “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.”
