Market Overview

Hedge Fund Third Point Pushes Sony To Pare Down Businesses

Share:
Hedge Fund Third Point Pushes Sony To Pare Down Businesses

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). 

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

Related Links: 

Sony Laser Projectors Honored as Best of Show During InfoComm

Microsoft, Sony Team Up To Work On Gaming Experiences, AI Solutions

Posted-In: ReutersNews Hedge Funds Media General Best of Benzinga

 

Related Articles (SNE + SPOT)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

The Daily Biotech Pulse: Hematology And Rheumatology Conference Presentations Take The Spotlight, Eton In-Licenses Epilepsy Drug NDA

26 Stocks Moving In Friday's Pre-Market Session