Daily Crunch: Disney CEO Bob Iger steps down

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Daily Crunch: Disney CEO Bob Iger steps down

Yesterday was a big day for executive moves, with Bob Iger stepping down as Disney CEO and Keith Block stepping down as Salesforce co-CEO. Meanwhile, Facebook has acquired another VR game studio and the owner of The Players' Tribune has raised more funding. Here's your Daily Crunch for February 26, 2020.

1. Disney CEO Bob Iger immediately steps down from CEO position

The Walt Disney Company announced yesterday that Robert Iger, the company's long-time CEO who ushered in the company's lush franchise and entertainment platform profits, will step down immediately as chief executive. Bob Chapek, a long-time senior exec at the company who most recently held the position of chairman of Disney Parks, Experiences and Products, will succeed him.

In an email to employees, Iger pointed to the successful launch of Disney's flagship streaming service, and its acquisition of 21st Century Fox, writing, "With these key endeavors well underway, I believe it's the right time to transition to a new CEO and I believe Bob is absolutely the right person to assume this role and lead our company in this next pivotal period."

2. Salesforce co-CEO Keith Block steps down

Block stepped into the co-CEO role in 2018, after a long career at the company that saw him become vice chairman, president and director before he took this position. His departure leaves company founder Marc Benioff as Salesforce's sole CEO and chair.

3. Facebook acquires the VR game studio behind one of the Rift's best titles

Facebook announced that it has acquired Bay Area VR studio Sanzaru Games, the developer of "Asgard's Wrath," considered by many enthusiasts to be one of the Oculus Rift's best games. Facebook says the studio will continue to oper



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