Jobs’s 7.7% Disney Stake Transfers to Trust Led by Widow Laurene
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Steve Jobs’s 7.7 percent stake in Walt Disney Co. was transferred on his death to a trust led by Laurene Powell Jobs, widow of the Apple Inc. co-founder.
The Steven P. Jobs Trust reported ownership of 138 million common shares of Disney, valued at $4.6 billion at the close of trading yesterday, according to a 13G regulatory filing. The filing lists Powell Jobs as trustee. A 13G suggests the trust has no intent to influence control of Disney.