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Report: Activist investor Nelson Peltz sells entire stake in Disney

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Activist investor Nelson Peltz has sold his entire stake in Disney after losing a proxy battle in April, a source familiar with the matter told CNBC.

The stock was sold for around $1 billion, according to the source.

Peltz's Trian Partners lost a proxy battle that sought to elect himself and former Disney finance chief Jay Rasulo to the company's board.

Read more from CNBC.

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