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

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