Will Disney Spin Off ESPN ?
Will Disney Sell / Spin-Off ESPN ? | Dan Loeb & Third Point | Disney Activist Investor | Bob Chapek says NO to ESPN Spin Off | Financial Analysis
Dan Loeb of Third Point recently reacquired a relatively large stake in the Walt Disney Company although not as large as he had previously before selling.
Among many suggestions, Loeb urged Disney CEO Bob Chapek to consider a sale or spin-off of the highly lucrative ESPN network in order to better lever its potential for sports betting.
Both Disney ? Chapek and many other financial investors and analysts dont seem to much in favor of this idea and neither does Valliant Renegade.
Let's discuss the financial reasons why this is a bad idea right now...
https://www.cnbc.com/2022/08/15/loebs-third-point-takes-new-stake-in-disney-boosting-shares.html
#disney #espn #stockmarket
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