Hedge Fund Third Point Pushes Sony To Pare Down Businesses


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Dan Loeb's hedge fund Third Point is calling on Sony Corp (NYSE:SNE) to spin off its semiconductor business, according to Reuters.

Loeb published a letter and presentation pushing for changes at Sony, the sale of its insurance business and its stake in companies like Spotify Technology SA (NYSE:SPOT). 

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Sony shares were trading higher by 1.87% at $50.60 in Friday's premarket session. 

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: NewsHedge FundsMediaGeneralReuters