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Benzinga
Benzinga
Business
Adam Eckert

ESPN Sports-Betting App Coming Soon? Joe Terranova Buys Disney Stock After CEO Identifies New 'Growth Engine'

After Walt Disney Co (NYSE:DIS) CEO Bob Chapek swatted investor calls for an ESPN spinoff over the weekend and noted that plans are in place for the future of the sports network, one investor jumped in and bought shares of the media giant. 

What Happened: Virtus Investment Partners' Joe Terranova bought Disney stock this week following the company's annual D3 event in Anaheim, California.

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