Actors portraying Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview of “Minnie Friends Bash!” On January 17, 2023, a parade was held at Tokyo Disneyland in Urayasu, Japan.
Tomohiro Ohsumi | Getty Images Entertainment | Getty Images
This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see?You can subscribe here.
What you need to know today
decoupling
MicrosoftMicrosoft’s rivals got a reprieve on Monday, with the software giant saying it would split its Teams and Office bundles following a review by European regulators. One of its competitors, sales forceIts subsidiary Slack submitted an antitrust complaint to the European Commission in 2020, accusing it of illegal bundling of Teams and Office.
Signs of life rumble
After more than two years, the U.S. IPO market is showing signs of recovery. Rubrik, a nine-year-old data security software provider, filed to go public on Monday, the latest venture capital firm to head to the public markets after a long lull since late 2021.
Spillover Effect
Boeing’s Problems are starting to hurt its airline customers. United Airlines The company is asking pilots to take unpaid leave next month, citing a late arrival of Boeing planes, according to a note sent to pilots. CNBC previously reported that United would pause pilot hiring this spring for the same reason.
(PRO) Small Caps
Market strategist Matt Orton likes these two low-profile U.S.-listed companies
bottom line
disney The showdown with activist investors should see some resolution after Wednesday’s annual shareholder meeting.
Disney’s leaders may need one. The outcome is likely to influence the identity of the new CEO who eventually succeeds Bob Iger.
Trian Partners’ Nelson Peltz not only questions Disney’s streaming performance, he wants a board seat.
Peltz believes he should help leaders find a successor — especially after Iger returns as CEO in 2022 after his successor, Bob Chapek, was fired. Iger has postponed his retirement five times before.
CNBC reported in September that Iger planned to name a successor and mentor him before leaving at the end of 2026.
Several executives have speculated that Disney Entertainment co-chairman Dana Walden is the favorite. Still, she faced stiff competition and doubted she could stand up to scrutiny.
However, she is the only woman in an internal field that reportedly includes Disney Experience chairman Josh D’Amaro, ESPN chairman Jimmy Pitaro and co-chairman Alan Bergman with Walden Entertainment.
Activist investors and the race for succession. There are more fights than one in the Mickey Mouse Club these days.
—CNBC’s Alex Sherman contributed to this article.
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