Communications services shares tumbled amid risk-off trading.
Walt Disney Chief Executive Bob Chapek is expected to address investors publicly this week for the first time since the media giant's board of directors renewed his contract through the end of 2024.
The 63-year-old is expected to outline his vision for Disney and face questions during the entertainment company's third-quarter earnings report Wednesday afternoon about how he plans to steer the company's streaming business.
Nielsen's largest shareholder has reached a tentative agreement to support the $10 billion buyout of the TV ratings company by a consortium of private-equity firms, the company said.
Nielsen said Tuesday it is postponig its shareholder vote on the buyout deal as the consortium, which is led by Elliott Management Corp.'s private-equity arm and Brookfield Asset Management Inc., seek to complete the agreement with WindAcre Partnership LLC, which had previously opposed the deal.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
08-09-22 1711ET
