Brooklyn Beckham’s billionaire father-in-law Nelson Peltz ramps up fight with Disney
BILLIONAIRE investor Nelson Peltz — father-in-law to Brooklyn Beckham — has ramped up his fight with the House of Mouse.
Mr Peltz, father of Brooklyn’s actress wife Nicola, has a $3billion (£2.3billion) stake in Walt Disney through his Trian fund and has been calling for change for two years.
He has now launched a new attack and is pushing for three board seats after showing his anger with boomerang-boss Bob Iger.
Mr Iger, 72, returned to Disney in November 2022, less than a year after he retired.
Disney is battling a string of box-office flops, such as Elemental, as well as its streaming service, which has burnt through $10billion (£7.9bn) since its launch four years ago.
Mr Peltz renewed his attack the same week Disney brought in former SKY boss Jeremy Darroch and Morgan Stanley chief James Gorman as new directors.
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Mr Peltz said the extra board members “represent an improvement from the status quo” but wouldn’t “restore investors’ confidence or address the cause behind the significant value destruction and mis-steps”.
He added shareholders had lost about $70billion since he gave Disney the “opportunity to prove it could ‘right the ship’”.
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COMMUNICATIONS regulator Ofcom is gathering public opinion on the potential takeover of The Telegraph newspaper by Abu Dhabi-backed Redbird IMI.
The watchdog wants responses by December 13.
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MPs have raised concerns about the risks of editorial censorship due to Abu Dhabi’s strict media laws.
House cost up
HOUSE prices edged up 0.2 per cent last month, meaning they rose for three months in a row.
Nationwide said prices increased as mortgage rates started to drop.
Prices are still down 2 per cent compared with last year.
The average two-year fixed mortgage is now 6.04 per cent, down from 6.86 per cent in July.
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