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Investor Daniel Loeb Eases off on Calls For Walt Disney (DIS) to Spin Off ESPN

September 12, 2022 11:32 AM EDT

Activist investor Daniel Loeb has eased off on calls for Walt Disney (NYSE: DIS) to spin off sports network ESPN on Sunday evening.

Loeb had previously suggested Disney should spin off ESPN to pursue business initiatives that may be more difficult as part of Disney, such as... More