Disney Stock Higher As Activist Dan Loeb Reconsiders ESPN Sale Demand

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The Street

By Martin Baccardax Activist investor Dan Loeb said Sunday that he now has a “better understanding” of EPSN’s potential as a Disney vertical. Walt Disney (DIS) – Get The Walt Disney Company Report shares nudged higher Monday after activist investor Dan Loeb appeared to back away from an earlier demand for the entertainment group to seek the sale of its ESPN television network. Loeb said in a Tweet sent from his verified account Sunday that he and his Third Point LLC hedge fund, which manages around $14 billion in assets, have a “better understanding of (ESPN’s) potential as a standalone busine…

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