Disney has called its theme parks, along with cruises, one of four building blocks of its future.
Photo: Joe Burbank/Orlando Sentinel/Associated PressDisney has attracted the interest of another activist investor that believes the company is undervalued, with ValueAct Capital accumulating a stake in the entertainment giant’s stock and initiating dialogue with its board.
ValueAct, an activist fund based in San Francisco with investments in information technology, energy, financials and media, has taken a “sizable” but so far undisclosed stake in Disney that makes it one of the fund’s biggest holdings, according to people familiar with the matter.
Persons:
Joe Burbank
Organizations:
Disney, Orlando Sentinel, Associated Press Disney, ValueAct Capital
Locations:
San Francisco