Hedge fund Third Point calls on Sony to spin off semiconductor unit

Hedge fund Third Point calls on Sony to spin off semiconductor unit

Sony Center, Berlin. Photo: Sony Center website

Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter