Loeb's Third Point LLC hedge fund proposed in May that Sony sell as much as a fifth of its money-making entertainment arm -- movies, TV and music -- to free up cash to revive the electronics business.
Also read: Panasonic Q1 net up 66% in shift from consumer electronics
"Sony's board of directors has unanimously concluded that continuing to own 100 percent of our entertainment business is the best path forward and is integral to Sony's strategy," the company said in a letter to Third Point.
Loeb, who owns around 7 percent of Sony through shares and cash-settled swaps, has called the entertainment division poorly managed.
Sony's board was expected to reject Loeb's proposals, the Nikkei newspaper said last week, with directors arguing Sony could compete better by maintaining ties with the entertainment arm of the business.
Sony has long been a pillar of Japan Inc and a pioneer in the electronics industry. But it has lost market share - and its innovative edge - to aggressive foreign rivals such as South Korea's Samsung Electronics Co Ltd and Apple Inc as they churn out blockbuster products.
Anda sedang membaca artikel tentang
Sony rejects proposal to spin off entertainment unit
Dengan url
https://rokokkanker.blogspot.com/2013/08/sony-rejects-proposal-to-spin-off.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sony rejects proposal to spin off entertainment unit
namun jangan lupa untuk meletakkan link
Sony rejects proposal to spin off entertainment unit
sebagai sumbernya
0 komentar:
Posting Komentar