United States securities and exchange commission logo
March 22, 2024
Daniel Cerqueira
Partner, Cravath, Swaine & Moore LLP
Walt Disney Co
Worldwide Plaza
825 Eighth Avenue
New York, NY 10019
Re: Walt Disney Co
Definitive
Additional Soliciting Materials
Filed March 21,
2024
File No. 001-38842
Dear Daniel Cerqueira:
We have reviewed your filing and have the following comment. In
our comment, we may
ask you to provide us with information so we may better understand your
disclosure.
Please respond to this comment by providing the requested
information or advise us as
soon as possible when you will respond. If you do not believe our
comment applies to your facts
and circumstances, please tell us why in your response.
After reviewing your
response to these comments, we may have additional comments.
Definitive Additional Soliciting Materials
Press Release
1. We note your disclosure
that "...ISS agrees that Perlmutter s involvement is 'an
unfortunate
distraction' and that he 'may cast a baleful shadow over the Board' if Peltz is
elected." (emphasis
added) We note that ISS does not state that it agrees with the views
described therein which
ascribe the phrase may cast a baleful shadow over the Board to
"the company and
others." Please revise your disclosure to clarify ISS's views as
expressed in ISS's
report.
Daniel Cerqueira
Walt Disney Co
March 22, 2024
Page 2
We remind you that the filing persons are responsible for the accuracy
and adequacy of
their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please direct any questions to Daniel Duchovny at 202-551-3619.
FirstName LastNameDaniel Cerqueira Sincerely,
Comapany NameWalt Disney Co
Division of
Corporation Finance
March 22, 2024 Page 2 Office of Mergers &
Acquisitions
FirstName LastName