{"id":37215,"date":"2013-08-06T12:38:56","date_gmt":"2013-08-06T16:38:56","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=37215"},"modified":"2013-08-06T13:31:33","modified_gmt":"2013-08-06T17:31:33","slug":"sony-rejects-hedge-fund-proposal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2013\/sony-rejects-hedge-fund-proposal.html","title":{"rendered":"Sony Rejects Hedge Fund Proposal"},"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-full wp-image-35482\" alt=\".\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan.jpg\" width=\"395\" height=\"248\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan.jpg 395w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/05\/sony-sfSpan-300x188.jpg 300w\" sizes=\"auto, (max-width: 395px) 100vw, 395px\" \/><\/a>New York (HedgeCo.Net) &#8211; Sony Corp has rejected Daniel Loeb&#8217;s idea for a spinoff of\u00a0part of Sony&#8217;s entertainment arm that would have included a Hollywood movie studio and music business. The\u00a0board unanimously rejected the deal.<\/p>\n<p>&#8220;The Sony board of directors has unanimously concluded that continuing to own 100 per cent of our entertainment business is the best path forward and is integral to Sony&#8217;s strategy,&#8221; the president of Sony, Kazuo Hirai, said in a letter to hedge fund billionaire Daniel Loeb today.<\/p>\n<p>Loeb responded by saying that he will continue talking with Sony Corp and explore further options:\u00a0&#8220;Third Point looks forward to an ongoing dialogue with management and intends to explore further options to create value for Sony shareholders.&#8221;<\/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; Sony Corp has rejected Daniel Loeb&#8217;s idea for a spinoff of\u00a0part of Sony&#8217;s entertainment arm that would have included a Hollywood movie studio and music business. The\u00a0board unanimously rejected the deal. &#8220;The Sony board of directors [&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-37215","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\/37215","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=37215"}],"version-history":[{"count":6,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37215\/revisions"}],"predecessor-version":[{"id":37220,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/37215\/revisions\/37220"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=37215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=37215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=37215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}