Dan Loeb's Third Point takes new stake in Disney - CNBC

In a letter to Disney CEO Bob Chapek, Loeb said there is a strong case that the ESPN business should be spun off.

Daniel Loeb's Third Point has taken a new stake in Disney, pushing the entertainment giant to spin off its sports network ESPN, according to a letter obtained by CNBC's David Faber. The shares jumpe… [+2262 chars]

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