[5] He oversaw Disney's acquisition of BamTech Media,[6] Pixar, Marvel Entertainment, Lucasfilm, Club Penguin, and Maker Studios, as well as its agreement reached in December 2017 to acquire 21st Century Fox.
[12] On August 26, less than four months after taking the position, Mayer announced that he would step down from both roles and leave ByteDance altogether.
[13][14] His decision was due to ByteDance being ordered by the Donald Trump administration to sell its U.S. operations by mid-September 2020.
[17][18][19][20] In February 2021, the company entered an agreement to merge with Beachbody and Myx Fitness Holdings,[17][21][22] and also filed for an IPO for a second SPAC, Forest Road Acquisition Corp II (FRXB), of which Mayer and Staggs were co-chairs and co-CEOs.
[26] The company has made several acquisitions, including Hello Sunshine, Moonbug Entertainment, a 10% stake in Westbrook, and ATTN:.