Activist investor Dan Loeb backs down to push Disney to sell ESPN

Activist Investor Dan Loeb signaled Sunday morning on Twitter that he was giving up on persuading waltz disney to create his popular ESPN sports television network.

Change of heart comes after Disney chief executive Bob Chapeck said in media interviews at this weekend’s D23 Expo event – an annual gathering of Disney fans where the company announces new shows and movies – that he plans to make ESPN a driving force significant growth and a large part of the company’s entertainment offerings.


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