[Reuters] Third Point raises Sony stake, presses for entertainment spin-off

Posted by: UGN Security

[Reuters] Third Point raises Sony stake, presses for entertainment spin-off - 06/17/13 06:06 PM

TOKYO (Reuters) - New York-based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit.