Sunday, October 24, 2021

SONY AGREES TO CONSIDER SPINNING OFF ENTERTAINMENT PROPERTIES

May 22, 2013 by · Leave a Comment 

Sony has agreed to consider a plan proposed by investor Dan Loeb and his Third Point hedge fund to spin off part of its entertainment division. While initially appearing to dismiss Loeb’s proposal, Sony chief Kazuo Hirai appeared to do an about-face today. “The proposal from Third Point, Dan Loeb is something that we should […]