U.S. hedge fund Third Point is raising its stake in Sony to push for changes, Reuters reported on April 8 citing people familiar with the matter.
Third Point, controlled by activist investor Daniel Loeb, wants Sony to explore options for its business units, including its movie studio which the fund believes has attracted takeover interest from the likes of Amazon and Netflix, sources told Reuters.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »