Should Sony’s Sensor Business Spin Off?


Activist investor Daniel Loeb is calling for Sony to spin off their sensor business and he even set up a website astrongersony. The 102-page presentation and 7-page letter is interesting and I will likely read it all, but does anyone agree with him? Activist investors have been getting too much attention in recent history, which has lead to a lot of undeserved power imo.

Financial Times (behind a paywall) just published an article entitled “Daniel Loeb calls on Sony to sell sensors business.” Loeb’s Third Point, in a letter to investors today, according to the FT, publicly acknowledged it had built up a USD$1.5B stake in Sony. Loeb is apparently calling for Sony to hive off its sensors business, listing it in Japan as a separate company. Apparently, Loeb has set up a website laying out his thesis. Sony and Loeb previously tangled back in ’13.

See also the related reports at Nikkei and Reuters.

via Photorumors

This entry was posted in Press releases. Bookmark the permalink. Trackbacks are closed, but you can post a comment.