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Investors breathed a sigh of relief on Monday following the ouster of Bob Chapek at Disney. Shares jumped by more than five percent after the company said Sunday night that it was bringing back Robert Iger to helm the Mouse House.
Iger will not have an easy time. He built Disney into its current structure with four big acquisitions: Pixar, Lucasfilm, Marvel, and the entertainment business of 21st Century Fox. The $71 billion purchase of Fox saddled the company with a debt burden that forced the company to suspend its dividend. It remains an open question whether the current behemoth is actually governable or if it needs to be broken up.
Despite speculation that Iger may have his eyes on Netflix, it is unlikely Iger will be able to start a new age of acquisitions.
