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Marvel Ex-Chairman Ike Perlmutter Reportedly Sold His Entire Disney Stake for Nearly $3 Billion After Unsuccessful Board Fight
Ike Perlmutter, former Marvel Entertainment chairman, reportedly sold all of his Disney stock for almost $3 billion after a losing proxy fight.
Ike Perlmutter, the former Marvel Entertainment chairman who was ousted last year, sold all of his Disney stock — about 25.6 million shares — for almost $3 billion, according to a report by the Wall Street Journal. Perlmutter, who was among the largest individual shareholders in the Mouse House, sold his stake in Disney between early April and mid-July at an average price of just under $115/share, per the report. Perlmutter had become a major shareholder in Disney when he sold Marvel Entertainment to the media conglomerate for more than $4 billion in 2009.
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