Disney Announces Sale of Their Stake in DraftKings After Revealing Plans to Launch ESPN BET

With today’s release of the Q3 earnings report from The Walt Disney Company, it has been announced that Disney has sold their stake in DraftKings. Disney’s Q3 earnings report, which can be seen here, offers the announcement of the sale under the headline of “Other Financial Information” and the subsection of “Other Income (Expense), net.” […]