Tag: Sony rejects proposal by Loeb saying it will hurt other partners

Sony Refuses To Bow To Loeb’s Proposal

Japanese Sony Corporation rejected a proposal from activist shareholder Daniel Loeb to partially turn off its entertainment business, the billionaire investor, however, promised to keep negotiating with the company and to explore other options. Sony argued that the action could still constrict synergies from its decades-old marriage of content and ...

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