Sony will hold a meeting tomorrow, in which it will discuss a proposed split between its entertainment and electronics divisions, according to a Nikkei report.
Daniel Loeb headlines
Sony is reportedly in talks with Morgan Stanley and Citigroup regarding splitting its Entertainment and Electronics divisions.
Sony is discussing whether to split its entertainment business, which houses PlayStation, from its electronics division – a possibility which saw stock prices rise yesterday.
Daniel Loeb, CEO of Third Point, LLC, Sony’s largest investor which controls over $1.1 billion in shares, around 6.5%, wants the firm to split its Sony Entertainment business from Sony Electronics.
Daniel Loeb latest