Sony Rejects Third Point’s Proposal Calling for a Company Breakup

  • 📰 WSJ
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Daniel Loeb’s hedge fund called for a spinoff of Sony’s semiconductor business

Sony Corp. said it rejected a proposal from activist hedge fund Third Point LLC to split its image-sensor business from its entertainment business and list the chip unit.

On Tuesday, Sony said its image-sensor business is a “crucial growth driver” that “is expected to create even more value going forward through its close collaboration with the other businesses and personnel” at the company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines