This post was originally published on this site
Billionaire investor Daniel Loeb, who runs Third Point, made a u-turn on Disney by buying a stake in the second quarter not long after he liquidated the firm’s position in Disney during the first quarter.
In a letter to Disney CEO Robert Chapek, Loeb laid out his suggestions that include cost cutting, integrating Hulu into the Disney+ DTC platform and buying back shares.
Disney was not immediately available for comment.
