Oct 22, 2014

Third Point sells Sony, takes new stakes in eBay, Alibaba

Third Point LLC, the hedge fund firm run by Daniel Loeb, sold its investment in Sony Corp. and bought stakes in eBay Inc. and Alibaba Group Holding Ltd. in the third quarter. The New York-based firm also called for a breakup of biotechnology company ...

Sony tells Loeb key units stay with firm

Aug 6, 2013

Sony tells Loeb key units stay with firm

Sony rejects billionaire Daniel Loeb's call to sell a portion of its entertainment business, saying 100 percent ownership of the film and music units is crucial to the company's success.

Loeb presses Sony on IPO, blasts film flops

Jul 30, 2013

Loeb presses Sony on IPO, blasts film flops

Sony Corp. investor Daniel Loeb, pressing the case for an initial public offering of the company’s entertainment unit, has leveled new criticism at management of the company’s film and television studio. Sony Pictures Entertainment “is characterized by a complete lack of accountability and poor ...

Jun 19, 2013

U.S. hedge fund raises Sony stake

U.S. hedge fund Third Point LLC said it has increased its stake in Sony Corp. to around 7 percent, in an apparent attempt to exert more influence as it urges the electronics giant to spin off its lucrative entertainment business. Third Point said Monday ...

Sony to mull selling stake in show biz

May 23, 2013

Sony to mull selling stake in show biz

by Kazuaki Nagata

Sony Corp. said Wednesday that its board of directors will consider a proposal by a U.S. hedge fund to put on the stock market a minority stake in Sony’s entertainment division, retracting an earlier statement that they won’t be put up for sale. Daniel ...