Sony CEO will 'examine music division spin-off from all angles'
Sony Corp CEO Kaz Hirai has told shareholders of the company that the board will “examine from all angles” a proposal to sell of a 15-20% stake in its entertainment division to new investors.
The proposal from Daniel Loeb of hedge fund Third Point was reiterated this week with him once again arguing that the firm should launch an initial public offering for 15-20% of its entertainment business.
The entertainment division encompasses Sony’s music and movie companies.
Loeb’s Third Point ...
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