Bids to Buy TikTok & Disney’s Proxy Battle 03/14/24
Former Treasury Secretary Steven Mnuchin is looking at buying TikTok, after the House passed a bill pushing for Bytedance’s divestiture of the platform. Mnuchin weighs in on the social media business, the U.S. deficit, and former President Donald Trump’s vision for another 4 years in the White House. Disney is in the midst of a proxy fight with billionaire activist investor Nelson Peltz. 13D Monitor founder Kenneth Squire explains the various characters and their roles in the drama, including Ike Perlmutter, former Disney CFO Jay Rasulo, and Disney’s CEO Bob Iger. Plus, Altria is selling over $2B of its stake in AB InBev, and former CNN anchor Don Lemon’s X show is no more, after Elon Musk canceled the partnership…after he gave Lemon an interview. Steven Mnuchin - 14:14 Kenneth Squire - 34:19 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY