Elon Musk outlines requirements for purchasing Musk

Elon Musk, the billionaire businessman, has openly expressed his interest in acquiring shares of the renowned American multinational mass media and entertainment conglomerate, The Walt Disney Company, which is more commonly known as Disney.

Musk, however, has made it clear that his decision to purchase shares in Disney hinges on the condition that activist investor Nelson Peltz secures a position on Disney’s board of directors.

Despite Peltz facing defeat in a challenge against Disney’s board, Musk, who was recently appointed as Disney’s Chief Diversity Officer, has voiced his support for Peltz, citing his impressive track record and potential contributions to the company’s growth and shareholder value.

Read Also: Disney welcomes Elon Musk as new Chief Diversity Officer

Through his social media platform, Musk emphasized the positive impact Peltz could have on Disney’s board, highlighting his ability to drive reform, enhance product quality, and prioritize shareholder interests based on his successful endeavors with other companies.

Musk further expressed his confidence in Peltz’s capabilities by stating that if Peltz were to join Disney’s board, Musk would consider investing in Disney shares due to his belief in Peltz’s exceptional track record and the potential positive influence he could bring to the company.