{"id":37411,"date":"2013-08-15T14:09:19","date_gmt":"2013-08-15T18:09:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37411"},"modified":"2013-08-15T14:18:32","modified_gmt":"2013-08-15T18:18:32","slug":"daniel-loebs-hedge-fund-buys-112m-in-disney-stock","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/daniel-loebs-hedge-fund-buys-112m-in-disney-stock.html","title":{"rendered":"Daniel Loeb&#8217;s Hedge Fund Buys $112m In Disney Stock"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/08\/images.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-37416\" alt=\"images\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/08\/images.jpg\" width=\"193\" height=\"261\" \/><\/a>New York (HedgeCo.Net) &#8211; Activist investor Daniel Loeb and his hedge fund Third Point LLC, has acquired an approximate $112 million stake in Disney, according to report by Bloomberg this morning.<\/p>\n<p>Third Point now owns 1% or 1.8 million shares of Disney, according to reports.<\/p>\n<p>Sony Corp last week rejected Daniel Loeb&#8217;s idea for a spinoff of\u00a0part of Sony&#8217;s entertainment arm that would have included a Hollywood movie studio and music business. The\u00a0board unanimously rejected the deal.<\/p>\n<p>&#8220;The Sony board of directors has unanimously concluded that continuing to own 100 per cent of our entertainment business is the best path forward and is integral to Sony&#8217;s strategy,&#8221; the president of Sony, Kazuo Hirai, said in a letter to hedge fund billionaire Daniel Loeb.<\/p>\n<p>According to regulatory filings Third Point also owns (at the end of the last quarter) four million shares of News Corp, worth some $130.3 million, three million Class A shares of Liberty Global, worth $220.4 million, and two million Class C shares of Liberty Global, worth $136 million.<\/p>\n<p>Alex Akesson<br \/>\nFor\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Activist investor Daniel Loeb and his hedge fund Third Point LLC, has acquired an approximate $112 million stake in Disney, according to report by Bloomberg this morning. Third Point now owns 1% or 1.8 million shares [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,16005,3],"tags":[],"class_list":["post-37411","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-developing-stories","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=37411"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37411\/revisions"}],"predecessor-version":[{"id":37415,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37411\/revisions\/37415"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}