[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 - 06/18/13 02:06 AM

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.