Salem Radio Network News Saturday, January 28, 2023

Business

Disney names Carolyn Everson to board in deal with activist investor Third Point

(Reuters) -Walt Disney Co said on Friday media veteran Carolyn Everson, who has received the support of activist shareholder Third Point, will join its board on November 21.

Disney and Third Point, which has a stake of about $1 billion in the entertainment and media conglomerate, entered into an agreement in which the activist investor will not acquire over 2% stake in the company.

Everson, 50, who is also a member of Coca Cola’s board has also worked with Meta Platforms’ Facebook and Microsoft Corp.

(Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri)

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