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>> LOEB Latest News

JUN 20, 2013 - TheStreet

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Sony Downplays Third Point's Breakup Pitch

NEW YORK (TheStreet) - Change at Sony may take time, as the company tries to revive its competitiveness in the fast-moving electronics business. Sony continues to downplay a breakup proposal that activist hedge fund investor Dan Loeb of Third Point Capital has proposed for the struggling electronics and entertainment giant. At the company's annual shareholder meeting in Tokyo, Sony CEO Kazuo Hirai said the company's media division, Sony Entertainment, is not for sale. Hirai also indicated the company will take its time in assessing whether to spin off the business, as Loeb has ... Read More

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