{"id":226614,"date":"2022-08-15T14:46:40","date_gmt":"2022-08-15T19:46:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=226614"},"modified":"2022-08-18T14:15:51","modified_gmt":"2022-08-18T19:15:51","slug":"activist-investor-loeb-wants-disney-to-spin-off-espn","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/activist-investor-loeb-wants-disney-to-spin-off-espn\/","title":{"rendered":"Daniel Loeb Pushes Disney for ESPN Spinoff, Sees Sports Betting Opportunity"},"content":{"rendered":"
Daniel Loeb\u2019s 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. <\/em>The move could make it easier for the network to forge into sports wagering.<\/p>\n