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

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

Mr. Loeb on Monday mentioned his agency, which liquidated a big Disney stake earlier this yr, has repurchased a “significant stake” within the firm and despatched a letter to Disney Chief Govt Bob Chapek urging the corporate to interact with Third Level on a lot of points.

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