Loeb changes course  on ESPN spinoff bid

Loeb changes course on ESPN spinoff bid

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Dan Loeb tweeted that he'll stop pushing Disney to sell off ESPN.The

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tweet follows Disney CEO Bob Chapek's statements at this weekend's D23 Expo.

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Third Point CEO tweeted Sunday morning that he thinks Disney's sports network should remain a distinct vertical.

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"We look forward to seeing Mr. Pitaro deliver on growth and

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innovation initiatives,” he said of Disney Chairman James Pitaro.

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The tweet follows Disney CEO Bob Chapek's statements when he said he had huge plans for ESPN. Chapek

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told Variety, "We got no fewer than 100 enquiries from parties wanting to acquire ESPN"

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Loeb also asked Disney to add Hulu to its direct-to-consumer platform Disney+. Comcast will sell Disney 33% of Hulu in two years

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Loeb advised Disney to "make every ‘endeavour” to buy the remaining minority ownership.

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