Loeb Lob: Disney Dismisses Third Point Calls For ESPN Spin


The Chief Executive and Chief Investment Officer for a New York-based asset management firm founded in 1995 has called on The Walt Disney Company to make a host of moves to help reinvigorate its stock, which some investors disdain for not having a dividend payment since the end of 2019.

Among the suggestions from Daniel Loeb of Third Point — shaking up the Disney board, jettisoning ESPN and taking 100% ownership of Hulu by acquiring Comcast‘s stake in the OTT platform.

Disney responded. In short, it was a “thank you, but no thank you” statement from the executive leadership.

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