Walt Disney announces that it has entered into a confidentiality agreement with ValueAct Capital Management, enabling the entertainment giant to provide information to this investment firm and consult it on strategic issues.

ValueAct has extensive experience in investing in media and technology companies undergoing significant business transformations," says Disney, which mentions Spotify, 21st Century Fox and Microsoft, among others.

ValueAct has also confirmed that it will support the slate of candidates recommended by Disney's Board of Directors for election to its Board of Directors at the 2024 Annual General Meeting.

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