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Looks Like ESPN And Disney Could Be Heading For A Split As An Activist Investor Pitches A Spinoff

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 jumped as much as 2% on the news. Loeb’s stake is worth roughly $1 billion, Reuters reported Monday. “ESPN 

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Looks Like ESPN And Disney Could Be Heading For A Split As An Activist Investor Pitches A Spinoff

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