Elon Musk Looking To Take Over Disney?

For context, Elon Musk made an unusual appearance on the LA red carpet for the premiere of Lola, a small indie film co-directed by the actress Nicola Peltz. This begs the question of why the second-wealthiest man in the world would attend the premiere of a tiny indie flick. When asked about it, Musk responded I’m just here with friends. Thinking about what companies to acquire.” After responding, he quickly walked away from the reporter while audibly chuckling to himself.

Pictures from the Lola premiere show Musk posing next to Nicola Peltz and her father, Nelson Peltz, an activist investor who has taken direct aim at Disney CEO Bob Iger. Iger just happens to be one of Musk’s biggest enemies, especially following Disney pulling their advertising from X after Musk’s controversial posts on the very same platform he owns. That attempt resulted in Musk delivering a loud rebuke to Disney and other companies.

Elon Musk didn’t explicitly say or publicly announce that he was about to buy Disney. However, given his recent conflicts with Bob Iger and Disney in general, Peltz’s position on the whole matter, and Musk’s backing of Gina Carano’s lawsuit against Disney, it’s possible Musk was making a veiled threat against the House of Mouse. While the idea of a complete buyout is a bit far-fetched, it’s not outside the realm of possibilities for Musk to at least try and acquire a stake in the company.

Elon Musk made some brash antisemitic remarks on X in late 2023, after which many advertisers—with Disney apparently being the biggest of them all—pulling their ads from the platform. Sometime later, Musk made his position on the matter clear, literally telling the fleeing advertisers to,”Go. F—. Yourself,” singling out Bob Iger. Later on, Musk also argued that Iger should be fired immediately from Disney over some controversial material on Meta that was allegedly sponsored by Disney under Iger.

With everything said, it’s highly unlikely that Elon Musk is going to buy Disney anytime soon. The latter is worth approximately $180 billion, which is dangerously close to Musk’s $232 billion net worth, making such acquisitions an exceptionally risky financial investment. But, given the ongoing lobbying against Disney and Bob Iger, it’s not outside the realm of possibilities for Musk to bring in a sink into The Walt Disney Company in the future.

Source: FabTV