The board of directors of Sony Corp said no to the proposal of Daniel Loeb to partially sell its entertainment business.
Daniel Loeb
Breaking News
Sony Corp's board has engaged in deep talks with Daniel Loeb after boosting its full-year revenue ending March 31.
Sony Corp said that they are set to billionaire Danny Loeb's proposal to sell part of the company's unit through an initial public offering.
Daniel Loeb, head of Third Point LLC proposed a partial spin off to Sony’s business unit to boost the struggling electronics division.
Daniel Loeb claimed that his hedge fund owns the biggest in Sony Corp and proposed a breakup of said company.
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