Former Disney CEO makes mega investment in Australian design company

Published

2 years ago

May 30, 2022

An Australian graphic design company making major moves on wall St has an impressive new investor

Former Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agreed to be an advisor to the closely held company.

Canva announced a $40 billion valuation back in September 2021, and was on pace to reach $1 billion in revenue that year.

Iger has made several investments with his own money since stepping down from Disney’s board in December, including with delivery company GoPuff and toy maker Funko.

A spokesman from Canva says “Bob brings a wealth of experience after 15 years at the helm of one of the most loved and most creative brands in the world”

The Sydney-based company helps people create presentations, videos and other designs, competing against Adobe, Microsoft and other graphic-design software firms.

Iger and Canva declined to comment on the size of the investment.

Will Australia’s foreign investment rule create an economic boost?

Published

22 hours ago

May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Money

Research key to investment success

Published

2 days ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

2 days ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured