Daily Brief: Disney’s Not Parting With ESPN

3 months ago3:21 mins

Daily Brief: Disney’s Not Parting With ESPN

Disney said over the weekend that it’s going to hold onto ESPN, despite calls to sell the sports network.

What does this mean?

The term “activist investor” doesn’t refer to an eco-warrior with a penchant for stocks: it’s an investor who buys into a company with the aim of changing it – by selling an arm of the company’s operations, for example. That’s exactly what activist investor Dan Loeb called for Disney to do after his hedge fund amassed a $1 billion stake in the media conglomerate last month. Spinning off ESPN – and its stagnating grow

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