Latest in Daniel Loeb
Sony Corp. Rejects Activist Shareholder Daniel Loeb’s Proposal To Spin Off Chip Unit
Sony Corp. has rejected a proposal by activist shareholder Daniel Loeb of Third Point Capital to spin off its semiconductor business in order to unlock value in its entertainment holdings.
Third Point, which has accumulated $1.5 billion in Sony shares since 2013, sent an open letter to Sony’s board in June outlining…
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By Dade Hayes
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Sony Stock Climbs After New Breakup Proposal From Activist Investor Daniel Loeb
Shares in Sony Corp. on the New York Stock Exchange climbed more than 3% Friday to close at $51.35 and rallied as much as 4% on Japan’s Nikkei after a new proposal by activist investor Daniel Loeb to break up the conglomerate.
Loeb, whose Third Point hedge fund has accumulated a $1.5 billion stake in Sony since first…
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By Dade Hayes
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Daniel Loeb, Third Point Sell Sony Stake After 20-Percent Profit
Activist investor Daniel Loeb said in an investor letter that he has sold his shares in Sony, months after his push for a partial spinoff of its entertainment units and improvement in its bottom line led to thousands of layoffs at its entertainment, TV and PC units. Despite Sony’s continued challenges after the…
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By David Bloom
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Third Point Shuffles Sony Shares But It Remains A “Core” Investment
There’s less than meets the eye to a regulatory filing in Japan that seemed to show that hedge fund Third Point is no longer one of the top 10 investors in Sony. The filing, first reported by Reuters, appeared to indicate that fund manager Daniel Loeb is retreating after the company in August rebuffed his proposal urgi…
Sony Hires Consultant To Find $100M In Cost Cuts In Entertainment Unit: Report
Daniel Loeb Says He And George Clooney Want Same Things For Sony
The CEO of Third Point says that George Clooney was “a little hyperbolic” in August when the actor — in an interview with my colleague Mike Fleming Jr — defended Sony Entertainment execs from the hedge fund manager’s attacks. Daniel Loeb just told The New York Times’Â DealBook's Opportunities for Tomorrow Conference…
Sony Plans Investor Meeting To Discuss Entertainment Businesses
The company is telling analysts and investors to hold November 21 for a “Sony Entertainment Investor Day” to be held at the Sony Pictures Entertainment lot in Culver City. No word on why — or who’ll be there. But this appears to be a follow up to a promise that CEOÂ Kazuo Hirai made last month to Third Point CEO Daniel…
Daniel Loeb’s Third Point Unveils $115M Stake In Disney
The hedge fund run by CEO Daniel Loeb has revealed a stake in Disney worth $115M, as disclosed in a filing on his holdings as of June 30. Third Point‘s stake amount to less than 1 percent of Disney, or 1.8M shares. This adds to Third Point’s Hollywood holdings in Sony and MGM.
Related: <a title="Daniel Loeb In…
Deadline’s 10 Best Film Stories Of The Week
Related: Deadline’s 10 Best TV Stories Of The Week
The fallout from the box office flop of The Lone Ranger continues for Disney with a big expected write down in the offering while stars Johnny Depp and Armie Hammer complain that it was the critics that killed the film…
Isn’t It Time To Take ‘Waterworld’ Off The All-Time Flop List?
In an interview with Deadline last Friday, George Clooney expressed ire for Third Point hedge fund chief Daniel Loeb‘s criticism of Sony Pictures management, claiming Loeb didn’t know the first thing about the movie business. I didn’t have room for it in the article–George covered a lot of ground–but Clooney even…
Daniel Loeb In Retreat: Backs Off Sony For Now With Praise For CEO Kazuo Hirai And George Clooney; But Can He Be Trusted?
Nikki Finke who is on vacation will have a fuller Loeb vs Sony report soon.
Apparently, The Most Hated Man In Hollywood just wasn’t comfortable being labeled “The Most Dangerous Man To Our Industry” by George Clooney for all the world to read (via Mike Fleming’s exclusive Deadline interview and carried by Yahoo this…
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By Nikki Finke
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Ashton Kutcher: George Clooney And Dan Loeb Are Naive About Hollywood: Video
The actor spoke to CNBC as part of the run-up to the opening of Jobs, where he plays late Apple CEO Steve Jobs. Ashton Kutcher discussed his philosophy as an investor, with $100M in tech start-ups. But the interesting part comes about 4:20 in, where he says that neither hedge fund manager Dan Loeb, who has vigorously c…
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