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Go back to Disney+, Hulu, and ESPN+ Offer the Best in Streaming Inside The Disney Bundle Pavilion at D23 Expo, Including Special Perks for Disney+ Subscribers

Hedge Fund Third Point Takes New Stake in Walt Disney (DIS)

August 15, 2022 10:42 AM EDT

New York-based hedge fund Third Point has taken a new stake in Walt Disney (NYSE: DIS), it was revealed on Monday.

Back in May, it was reported that Daniel Loeb, Third Point's founder and chief executive, liquidated its position in Walt Disney during the first quarter after previously urging the company to spend more aggressively on its streaming platform.

However, they have now taken a new... More