1. Loeb Reverses Course on Push to Get Disney to Spin Off Espn

    Loeb Reverses Course on Push to Get Disney to Spin Off Espn

    Activist investor Dan Loeb indicated in a tweet that he's going to retreat from his push to get Disney to spin off ESPN. - The tweet follows comments from Disney CEO Bob Chapek, who told journalists at this weekend's D23 Expo that he has big plans for ESPN. Activist investor Dan Loeb indicated that he's going to retreat from his push to get Disney to spin off ESPN, reversing a position he had pushed less than a month ago...

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    1. We have a better understanding of @espn's potential as a standalone business and another vertical for $DIS to reach a global audience to generate ad and subscriber revenues.
    2. We believe that it would even be prudent for Disney to pay a modest premium to accelerate the integration.
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