Activist Investor Dan Loeb Walks Back Suggestion That Disney Spinoff ESPN

Activist investor Daniel S. Loeb has walked back his recent suggestions that Disney should spinoff ESPN into its own business and integrate Hulu into Disney+ according to Variety. Last month, Investor Daniel Loeb and his firm Third Point have reportedly purchased a “significant stake” in The Walt Disney Company. In turn, Loeb sent a letter to Disney CEO […]