Sony shareholders pressed its chief executive on Thursday for a response to a proposal by hedge fund Third Point to spin off its profitable entertainment business, aiming to invigorate its struggling electronics business.
Sony chief executive Kazuo Hirai told an annual shareholders’ meeting that the company would carefully consider the proposal by Daniel Loeb, the billionaire hedge fund manager of Third Point and Sony’s top shareholder.
via Business feed http://www.scmp.com/business/companies/article/1264948/sony-pressed-response-spin-plan-shareholder-meet
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