The Limited Times

Disney, NewsCorp, Match Group... Activist funds take on media and tech

1/10/2024, 7:36:08 PM

Highlights: Disney, NewsCorp, Match Group... Activist funds take on media and tech. There have never been so many of these funds wanting to change the strategy of these large groups. Every week in 2023, five activist campaigns were launched around the world. A record since 2018, according to the Lazard bank, which illustrates a new phase of capitalism. In recent months, they have given no respite to their leaders, who are already challenged by rising interest rates, the multiplication of rivals and geopolitical crises.


DECRYPTION - There have never been so many of these funds wanting to change the strategy of these large groups.

Every week in 2023, five activist campaigns were launched around the world. A record since 2018, according to the Lazard bank, which illustrates a new phase of capitalism. Activist financial funds, which seek to influence the strategy of companies they deem undervalued or underperforming by taking a minority stake in their capital, have never been so numerous to attack the nuggets of the media and technology world.

In recent months, they have given no respite to their leaders, who are already challenged by rising interest rates, the multiplication of rivals and geopolitical crises...

Read alsoHedge funds take on the American press

At Disney, an activist battle is raging in Mickey's kingdom. Breaking into the entertainment empire, the American billionaire Nelson Peltz, head of the Trian hedge fund, has never hidden his desire to bring down the CEO, Bob Iger, who came back in a hurry to replace his clumsy successor...

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