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Hedge fund boss Loeb lobbies for breakup of Sony

May 15, 2013
By RYAN NAKASHIMA , THE ASSOCIATED PRESS

TOKYO - The U.S. hedge fund manager renowned for shaking up Yahoo Inc. has set his sights on Sony Corp., proposing that the Japanese electronics giant spin off up to 20 percent of its movie, TV and music division and use the money to strengthen its ailing device manufacturing unit. Sony rejected the plan, but analysts latched onto the idea as a way for Sony to unlock hidden value.

 
 
 

 

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