Hedge fund Third Point calls on Sony to spin off businesses
13/06/2019 22:47
June 13 (Reuters) - Daniel Loeb's activist hedge fund Third
Point LLC called on Sony Corp 6758.T on Thursday to spin off
its entertainment and semiconductors businesses into separate
companies, the second time in six years it has targeted the
Japanese electronics maker.
Sony should also consider selling its stakes in Sony
Financial Holdings Inc 8729.T , M3 Inc 2413.T , Olympus Corp
7733.T and Spotify Technology SA SPOT.N , Third Point said in
a public letter to investors.
Sony did not immediately respond to a request for comment.
(Reporting by Svea Herbst-Bayliss in New York;
Editing by Sandra Maler)
((svea.herbst@thomsonreuters.com; +617 856 4331; Reuters
Messaging: svea.herbst.thomsonreuters.com@reuters.net))