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Sony Corp (6758.T)

6758.T on Tokyo Stock Exchange

6,411JPY
20 Sep 2019
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Tue, Sep 17 2019

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Breakingviews - Sony’s activist defence is only semi-convincing

LONDON (Reuters Breakingviews) - Sony’s “Be Moved” slogan does not apply when an activist investor is applying pressure. The Japanese entertainment conglomerate on Tuesday rejected a proposal from Dan Loeb’s Third Point to spin off its chips business and offload its financial unit. Its defence is only partly convincing.

Sony rejects Loeb's proposal for chip business spin-off

TOKYO Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb's activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is "a crucial growth driver" for the Japanese company.

Sony rejects Loeb's proposal for chip business spin-off

TOKYO Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb's activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is "a crucial growth driver" for the Japanese company.

UPDATE 2-Sony rejects Loeb's proposal for chip business spin-off

* Also rejects sale of Sony Financial (Adds detail from letter to shareholders)

Sony rejects Loeb's proposal for chip business spin-off

TOKYO, Sept 17 Sony Corp's said on Tuesday it concluded that retaining the chips business "is best strategy for enhancing Sony's corporate value over the long term," rejecting a call for a spin-off by Daniel Loeb's activist hedge fund Third Point LLC.

Sony appeals to film lovers with slimline Xperia 5 smartphone

BERLIN Sony launched the Xperia 5, a slimline version of its flagship smartphone, at the IFA consumer electronics fair in Berlin on Thursday as it seeks to strengthen its appeal to its niche audience of video, film and music lovers.

Sony in $760 million Olympus stake sale after investor Loeb's prodding

TOKYO Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for.

UPDATE 2-Sony in $760 mln Olympus stake sale after investor Loeb's prodding

* Sony says purpose of capital tie-up has been fulfilled (Adds Third Point context, Sony stock price)

Japan's Olympus to buy back 5% stake from Sony

TOKYO, Aug 29 Japanese endoscope maker Olympus Corp said on Thursday it will buy back 68.9 million shares, or a 5.03% stake, from Sony Corp.

Sony to buy 'Spider-Man' developer Insomniac Games

PlayStation console maker Sony Interactive Entertainment said on Monday it would buy privately held Insomniac Games Inc, known for developing games such as Marvel's "Spider-Man" and third-person shooter "Ratchet & Clank" franchise.

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