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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.

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