Sony (SNE) Won't Consider Loeb's Entertainment Spinoff Proposal at AGM

Go back to Sony (SNE) Won't Consider Loeb's Entertainment Spinoff Proposal at AGM

Loeb Boosts Sony (SNE) Stake, Continues Urging IPO on Entertainment Unit

June 18, 2013 6:44 AM EDT

Sony (NYSE: SNE) is flat in early trading Tuesday amid reports that Dan Loeb's Third Point boosted its stake.

Loeb sent a letter to Sony CEO Kazuo Hirai stating that the electronics giant should move to partially spin-off its... More