Activist Investor Daniel Loeb is Trying to Split Up Sony Again


Activist investor Daniel Loeb is calling for Sony to spin off their sensor business again. Last time he didn’t make a lot of progress, but this time he is using Sony’s lower stock price to gain a greater stake in the company to try to spin off the image sensor division again, while Sony buys back 4.8% of there stock worth about 200 billion yen ($1.83 billion) to boost shareholder returns. Sony previously announced they would buy back 100 billion yen for the first time in February 2020.

via image-sensors-world, reuters

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