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Daniel Loeb Pushes Disney for ESPN Spinoff, Sees Sports Betting OpportunityWritten by: Todd Shriber

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Daniel Loeb’s Third Point hedge fund has initiated a new position in Walt Disney (NYSE:DIS) said to be worth about $1 billion. He’s pushing the company to spin off ESPN. The move could make it easier for the network to forge into sports wagering. In a letter today to Disney CEO Bob Chapek, Loeb, whose
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