Struggling Japanese conglomerate Sony Corp. said its directors have started preliminary discussions on what to do about a proposal from activist hedge-fund investor Daniel Loeb to take part of the company's entertainment business public, The Wall Street Journal reports.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Loeb Pushes Sony to Take Entertainment Unit Public
- Sony CEO: Loeb’s Campaign a ‘Good Thing’
- Sony Needs a New Plan
- Wall Street Pay Gets Tougher Look
- Herbalife Showdown Spotlights New Wall Street
- SEC Digging Into Fund Fees
- Billionaires Take Sides Over Herbalife
- Hedge Funds Smell Profit in 'Shadow' Lending