Walt Disney Co. late Friday said it reached an agreement with activist investor Third Point that includes adding ex-Meta Platforms Inc. executive Carolyn Everson to its board. The deal was reached weeks after Third Point took a new stake in Disney valued at about $1 billion, and pushed for Disney to spin out ESPN so it could pursue sports betting and other business initiatives. "We are pleased with our productive and ongoing dialogue with [Disney Chief Executive] Bob [Chapek] and Disney's management team," Third Point CEO Daniel Loeb said in a statement. "The expansion of Disney's Board of Directors to include Carolyn Everson will add an important new perspective to an already accomplished group." Everson, who most recently was president of Instacart, previously was vice president of the global business group at Facebook.
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