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Dan Loeb’s Third Point Calls for Disney to Spin Off ESPN, Refresh Board

Activist investor Dan Loeb’s Third Point LLC has purchased a brand new stake in Walt Disney and is asking on the media firm to purchase the remainder of Hulu, discover spinning off ESPN and refresh its board.

Mr. Loeb on Monday stated his agency, which liquidated a big Disney stake earlier this 12 months, has repurchased a “significant stake” within the firm and despatched a letter to Disney Chief Executive Bob Chapek urging the corporate to have interaction with Third Point on various points.

Related Topics:acquisitions Acquisitions/Mergers Acquisitions/Mergers/Shareholdings asset management board Bob Chapek Broadcasting Business C&E Industry News Filter Cable Broadcasting Calls CMCSA Comcast Comcast Cl A Content Types corporate Corporate Actions Corporate Changes Corporate Governance corporate strategy Corporate Strategy/Planning Corporate/Industrial News Dan Dan Loeb Demergers DIS Disney Divestments Entertainment environmental Environmental/Social/Governance ESPN Factiva Filters Financial Investment Services Financial Services fund governance Hulu industrial news investing Investing/Securities Loebs Management media Media Content Distribution Media/Entertainment mergers New Companies Creation Online Service Providers Ownership Changes planning Point portfolio Portfolio/Fund/Asset Management refresh Robert Iger Ron DeSantis securities Shareholder Activism shareholdings social Spin Streaming Services SYND Technology Television Broadcasting Third Point Third Point Investors TPOS.LN UK:TPOS Walt Disney WSJ-PRO-WSJ.com wsjcorp

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