Joining the likes of David Beckham and Shaquille O’Neal in the new business move.
Betting big on a rebound, Tim Cook purchased and equivalent of $2.9 million USD in shares while CEO Elliot Hill acquired about $1 million USD worth.
This is Disney’s fifth time surpassing the $6 billion USD mark with the previous years being 2019, 2018, 2017 and 2016.
The Schulz family will maintain their 20% equity stake.
The sealed deal is backed by cloud giant Oracle, private equity powerhouse Silver Lake, and Abu Dhabi-based AI investment firm MGX.
Asserts WBD remains committed to its Netflix merger megadeal.
Giving OpenAI’s Sora access to over 200 of its iconic Disney characters.
Expected to raise $30 billion USD next year, potentially valuing the aerospace company at $1.5 trillion USD.
Paramount’s deal is underpinned by a $24 billion USD funding that sees contributions from audi Arabia, Qatar and Abu Dhabi as well as Jared Kushner’s Affinity Partners.
WBD has agreed to sell its studio and HBO Max streaming business to Netflix.
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