Daniel S. Loeb, a hedge fund manager who owns 6.5% of Sony, has suggested that the company break its electronics and entertainment divisions apart, according to a report in the New York Times. He delivered his message via letter, which he gave to Sony CEO Kaz Hirai in person while visiting Tokyo.
Loeb's shares, valued at $1.1 billion, give him considerable weight in conversations concerning Sony. His plan would essentially have Sony "spin off part of its entertainment arm," according to the article, which is comprised of three major pieces: Sony Music Entertainment, Sony Pictures Entertainment and Sony/ATV Music Publishing.
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