Part 5/9:
Prior to the announcement, there was speculation that Disney might sell off assets such as ABC in a bid to raise cash. These rumors briefly boosted the stock, fueling hopes that Disney might be seeking liquidity by divesting some of its holdings. Unfortunately, these hopes were short-lived. When the company reaffirmed its focus on the $60 billion theme park investment, the market’s confidence waned again, and the stock’s decline continued.