Sony CEO Kenichiro Yoshida, facing pressure from investor Daniel Loeb, has given little indication he is willing to break off big chunks of the company
TOKYO—The latest push by investor Daniel Loeb to break up Sony Corp. presents a dilemma for Chief Executive Kenichiro Yoshida, who is generally sympathetic to Wall Street’s thinking but wants to keep his conglomerate intact.
In a letter to investors Thursday, Mr. Loeb’s hedge fund, Third Point LLC, said Sony should spin off its semiconductor unit, which is known for making components for Apple Inc.’s iPhones. It also said Sony should consider shedding stakes in Spotify Technology SA and a Sony financial unit that sells life...
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Hedge fund Third Point calls on Sony to spin off semiconductor unitDaniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Th...
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