Thursday, March 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HBO, Apple To Launch Video Streaming Service: report
Xbox One wireless controller Adapter Coming To Windows PCs
Samsung, Oculus To Launch Gear VR Mobile Device Headsets This Year
Nvidia Demonstrates The Massive Titan X Graphics Card
IBM Buys AlchemyAPI
New Toshiba Smartwatch Reference Model features Bluetooth connectivity and Qi Wireless Charging
Samsung Expands Digital Display Portfolio with YESCO Electronics Acquisition
LG To Launch New Flagship Smartphone
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 Home > News > General Computing > Sony Re...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, August 06, 2013
Sony Rejects Proposal to Spin Off Entertainment Unit


Sony Corp on Tuesday rejected a proposal from shareholder Daniel Loeb to spin off its entertainment business but the billionaire investor vowed to keep talking with the company and to explore other options.

Sony said demand for content was increasing its value in a dynamic industry environment characterized by emerging distribution platforms and the proliferation of both powerful mobile devices and access to broadband. Sony believes its entertainment businesses will increasingly benefit from these trends, and the Company?s shareholders will benefit from owning all, rather than a part, of these valuable assets.

In addition, full control of Sony?s entertainment businesses drives internal collaboration, facilitates synergies, and allows the Company to be more nimble. Sony believes that the opportunities for collaboration among Sony?s businesses are numerous and increasing, and a rights or public offering would create the need for otherwise unnecessary and burdensome arm's length intercompany relationships as a result of minority shareholder rights, thereby limiting Sony's control and strategic flexibility.

Loeb's Third Point LLC hedge fund has waged a three-month campaign to convince the company to sell as much as one-fifth of its money-making entertainment arm - movies, TV and music - to free up cash to revive the electronics business.

Loeb said he was disappointed with the decision, even while acknowledging that Sony was showing a greater commitment to transparency.

"Third Point looks forward to an ongoing dialogue with management and intends to explore further options to create value for Sony shareholders," Third Point said in a statement.


Previous
Next
Amazon's Owner To Buy the Washington Post        All News        Fujitsu To Make New Supercomputer System For Canon
Amazon's Owner To Buy the Washington Post     General Computing News      Toshiba, SanDisk to build New Flash Memory Plant: report

Get RSS feed Easy Print E-Mail this Message

Related News
Sony's Project Morpheus Upgraded, Coming in 2016
MWC: Sony Introduces The New Xperia Z4 and Xperia M4 Aqua Tablets
Sony Xperia Z4 Tablet Appears Online With 2K Display
Sony Releases New Wireless Bluetooth Headphones
Sony Launches Memory Card For Premium Sound
Sony To Focus On Games, Sensors
Sony SmartEyeglass Developer Edition SED-E1 Available In March
Sony Releases New OLED Display For Pro Video Production
Sony SmartWatch 3 Stainless Steel Rolling Out
Sony Xperia E4 Goes Official
Sony Narrows Loss Forecast After Strong Sensor Sales
Sony Online Entertainment To Make Games For Xbox

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .