From Dealbook: An American hedge fund billionaire known for starting big
fights has called for a breakup of the entertainment and electronic colossus
Sony, according to people briefed on the matter, possibly setting off a battle
that could roil Japan ’s
famously staid corporate culture.
The hedge fund manager, Daniel S. Loeb, is pressing Sony
into spinning off part of its entertainment arm, which includes one of the
biggest film studios in Hollywood
and one of the largest music labels in the world, responsible for movies like
“Skyfall” and artists like Taylor Swift.
Mr. Loeb — known for ousting Yahoo’s former CEO and poaching Marissa
Mayer from Google to run the company — also signaled that he would accept a
seat on Sony’s board. His hedge fund has quietly amassed a stake of about 6.5
percent in Sony, making it one of the biggest shareholders….
Wait...wait...there's more at http://dealbook.nytimes.com/2013/05/14/hedge-fund-manager-daniel-loeb-targets-sony-for-a-breakup/?ref=global-home
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