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…
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. <img class="alignleft size-full wp-image-624245" alt="sony_logo__121101084843-200x133__130207090832__130530213852" src="https://s0.wp.com/wp-content/themes/vi…
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.<img class="alignleft size-medium wp-image-499550" title="Daniel Loeb" src="https://s0.wp.com/w…
The company is telling analysts and investors to hold November 21 for a “Sony Entertainment Investor Day” <img class="alignleft size-200px wp-image-565311" title="Sony Corp logo" src="https://s0.wp.com/wp-content/themes/vip/plugins/lazy-load-0.7/images/1x1.trans.gif" alt width="200" height="81" data-lazy-src="https://p…
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.
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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…
UPDATE: The battling continues in this war of words. Daniel Loeb’s hedge fund Third Point tonight made clear it won’t stop destabilizing Sony and its entertainment division after the Japanese parent company rejected Daniel <img class="alignleft size-medium wp-image-557786" title="loeb vs s…
It’s no more Mr. Nice Guy for the founder of hedge fund Third Point, a major investor in Sony. In a letter to his investors today, Daniel Loeb says he’s fed up with the performance of the electronics giant’s movie, TV, and music businesses — which he wants Sony to package in a separate stock, with a minority stake sold…
Looks like Yahoo is more concerned about the Third Point founder’s intentions than everyone let on early this week when they announced that the company would pay $1.16B for 40M of Daniel Loeb's shares, bringing his stake below 2%. <img class="alignleft size-200px wp-image-299449" title="yahoo" src="https://s0.wp.com/wp…
Yahoo shares are down more than 3% this morning after the company said that it has bought back most of the shares owned by Third Point’s Daniel Loeb — leading him and colleagues Harry Wilson and Michael Wolf to resign <img class="alignright size-200px wp-image-354277" title="Yahoo_logo" src="https://s0.wp.com/wp-conten…
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