{"id":35476,"date":"2013-05-14T10:12:25","date_gmt":"2013-05-14T14:12:25","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=35476"},"modified":"2013-05-14T11:05:16","modified_gmt":"2013-05-14T15:05:16","slug":"billionaire-hedge-fund-manager-wants-a-sony-spin-off","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2013\/billionaire-hedge-fund-manager-wants-a-sony-spin-off.html","title":{"rendered":"Billionaire Hedge Fund Manager Wants A Sony Spin-Off"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-35482\" alt=\".\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan-300x188.jpg\" width=\"300\" height=\"188\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan-300x188.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan.jpg 395w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; Bloomberg reports that the founder of hedge fund Third Point is looking to breakup Sony Corp., after\u00a0acquiring a 6.5 percent stake in the company.<\/p>\n<p>Daniel Loeb wants Sony to spin off part of its entertainment arm that will include a Hollywood movie studio and music business, according to people familiar with the situation. Verification was not\u00a0immediately\u00a0available, the NYT and Bloomberg report.<\/p>\n<blockquote><p>Loeb flew to Tokyo and hand-delivered a letter to Hirai supporting his turnaround efforts and seeking more action,<em> the newspaper said.\u00a0<\/em>Sony rose 1.2 percent to close at 1,877 yen in Tokyo trading today, extending its gain this year to 96 percent.<\/p><\/blockquote>\n<p>Loeb expects that spinning off a portion of the entertainment business could sharpen Sony\u2019s focus and improve profit margins, the newspaper reported. He is also pushing for a spinoff of its insurance unit, the New York times reported.<\/p>\n<p>Alex Akesson<br \/>\nFor\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Bloomberg reports that the founder of hedge fund Third Point is looking to breakup Sony Corp., after\u00a0acquiring a 6.5 percent stake in the company. Daniel Loeb wants Sony to spin off part of its entertainment arm [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,16044,3],"tags":[],"class_list":["post-35476","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=35476"}],"version-history":[{"count":9,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35476\/revisions"}],"predecessor-version":[{"id":35479,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35476\/revisions\/35479"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}