Disney boss rejects Dan Loeb's calls to create ESPN

Disney boss rejects Dan Loeb’s calls to create ESPN

Bob Chapek, chief executive of Walt Disney, has rejected calls from activist investor Dan Loeb to sell or spin off sports television network ESPN, promising to restore the company to its status as the company’s growth engine. Loeb, whose hedge fund Third Point revealed in August that he had bought a $1 billion stake in …

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