Chapek rejects activist Loeb's call for ESPN

Disney Co chief executive Bob Chapek has rejected billionaire activist investor Daniel Loeb's call to sell or spin off the ESPN sports television network, Qazet.az reports according to the Financial Times.

Disney had been "deluged" with interest from companies seeking to buy ESPN earlier this year amid rumors that the company was weighing a sale of the cable network, Chapek told the FT.

"If everyone wants to come in and buy it or spin it with us, I think that says something about its potential," the FT quoted Chapek as saying.