Third Point Discloses Stake of Nearly $1 Bln in Disney, Pushes for Changes

Posted on the 16 August 2022 by Phil's Stock World @philstockworld

Aug 15 (Reuters) - Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire ...

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