10 Updates

Sony cuts quarterly loss to $115 million

Source: Arkansas Online, Feb 8 2013, 3:08am CST

KIYOSHI OTA Shoppers examine Sony tablet computers displayed Thursday at the company’s showroom in Tokyo. Sony on Thursday reported a $115 million quarterly loss. TOKYO Sony Corp. is still struggling but man ...

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Update
10

1 hour ago

Hedge fund boss Loeb lobbies for breakup of Sony

Source: Nashua Telegraph  |   May 22 2013, 5:38pm CDT

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 divisio ...

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Update
9

2 hours ago

Business › Sony CEO says company will discuss hedge fund's sale idea

Source: Japan Today  |   May 22 2013, 4:45pm CDT

Sony’s CEO Kazuo Hirai said Wednesday the electronics giant’s board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20% of its movie, TV and music division. Hirai was asked about the proposal at ...

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Update
8

2 hours ago

Sony board discussing whether to split Entertainment and Electronics divisions

Source: VG247  |   May 22 2013, 4:28pm CDT

Well if it helps Sony, I think you should. Sony games division doesn’t want that… because now they can’t hide.. say bye to vita. .. say bye to the ps4 when it doesn’t break even after seven months. .. Sony= the new Nintendo. .. -th ...

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Update
7

3 hours ago

Will Sony PS4 and Xbox One Wreck Apple TV Prospects in Media Convergence?

Source: 24x7 Wall St.  |   May 22 2013, 3:43pm CDT

This week has brought much in the news of video games and the convergence of media. Apple Inc. (NASDAQ: AAPL) shareholders might consider that Tuesday’s testimony on taxation of international income was the bo ...

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Update
6

4 hours ago

TheDeal: Sony Slips as Loeb Turns Up Pressure

Source: The Street  |   May 22 2013, 2:34pm CDT

Since then, Loeb has gone on a media blitz to drum up support. The hedge fund even said it was willing to put its money where its mouth is and post up to $2 billion to guarantee the success of the listing. Sony's reaction to Loeb is seen as a test of t ...

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Update
5

4 hours ago

Sony to consider Loeb proposal of entertainment IPO

Source: Los Angeles Business Journal  |   May 22 2013, 2:16pm CDT

Our local top business news, blogs and more. Delivered weekday afternoons and Saturday mornings. Gina Hall is a Los Angeles-based writer and producer with more than 10 years experience in television, documentar ...

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Update
4

4 hours ago

Sony mulls break up after Dan Loeb pressure

Source: The Telegraph  |   May 22 2013, 2:16pm CDT

The Japanese technology and entertainment giant’s chief executive, Kazuo Hirai, said it had only made “a start” but that it was “important” that the board discussed Mr Loeb’s proposal and “come to a decision that represents Sony’s st ...

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Update
3

5 hours ago

Best of PlayStation Network, Vol. 1 Debuts This Summer

Source: The Escapist  |   May 22 2013, 1:52pm CDT

Sony's revealed plans to pack four of the PlayStation Network's best downloadable exclusives onto a single retail disc. If you look at Sony's history since the firm entered the gaming biz, you'll notice a trend of const ...

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Update
2

5 hours ago

Sony said it would think over spinoff proposal

Source: United Press International  |   May 22 2013, 1:27pm CDT

TOKYO, May 22 (UPI) -- Japanese conglomerate Sony's board said it would make a good-faith effort in considering spinning off its entertainment business. One of Sony's largest shareholders, the hedge fund Third Point, r ...

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Update
1

5 hours ago

News Summary: Sony mulls hedge fund's spinoff idea

Source: Washington Examiner   |   May 22 2013, 1:16pm CDT

SPINOFF: Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. THE RATI ...

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