Activist Investor Daniel Loeb is Trying to Split Up Sony Again

By Louis Ferreira | Published: March 25, 2020


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

Related posts:

  1. Nikkei: “Sony is soon going to release a cheap, mid-level mirrorless camera”
  2. Overall Winners Revealed For 2019 Sony World Photography Awards
  3. Development of a Film That Can Repeat Drawing and Erasing in Full Color
  4. Sony is Selling $760 Million Stake in Olympus Monday
This entry was posted in Press releases and tagged , , , . Bookmark the permalink. Trackbacks are closed, but you can post a comment.

  • FCC disclosure statement: this post may contain affiliate links or promotions that do not cost readers anything but help keep this website alive. As an Amazon Associate I earn from qualifying purchases. Thanks for your support!