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Third Point's Loeb Pushes Sony To Respond To Spinoff Proposal - Nikkei Asian Review

by asia.nikkei.com posted 2weeks ago 2 views
NEW YORK -- A spinoff of Sony's semiconductor business is in the interest of all stakeholders, including shareholders, customers and employees, Daniel Loeb, head of hedge fund Third Point, told Nikkei in an interview. While noting that there is no deadline for Sony, Loeb said the conglomerate "shouldn't take more than six months to a year" to figure out its response. Loeb, a prominent activist investor, revealed in a letter to shareholders last month that Third Point has invested $1.5 billion in Sony.

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