Sony Rejects Break-Up Proposal: 'Many of the world’s leading entertainment companies are now seeking to acquire technology' and vice versa
at the entertainment to electronics Japanese conglomerate as evidence that Sony's corporate strategy of diversified businesses was working.
"We envisage AI and sensing being used across a wide range of applications such as IoT [the Internet of Things], autonomous driving, games and advanced medicine, and believe there is a potential for image sensors to evolve from the hardware they are today, to a solutions and platforms business," said Yoshida."Many of the world’s leading entertainment companies are now seeking to acquire technology, while many technology companies are moving into the entertainment space.
Loeb previously built a stake in Sony in 2013, at that time urging Sony to sell off its pictures division to enhance value. This year, he built up a $1.5 billion position and in June effectively touted the opposite strategy: dropping its tech divisions to putting entertainment at the heart of the company.
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