“We believe that ESPN is an asset that is well placed within the Walt Disney Company,” Chapek told Reuters.
The investor said in a tweet on Sunday that he looks forward to seeing ESPN Chairman James Pitaro execute on the growth and innovation plans, “generating considerable synergies as part of” Disney.
Chapek said that Walt Disney values ESPN as an asset, stating the sports broadcasting brand is “well placed” within the company.Loeb, who runs Third Point, in August disclosed a stake of roughly $1 billion in Disney and announced plans to push the company to make a string of changes, from spinning off ESPN to buying back shares and adding board members.
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