[Reuters] Third Point ups Sony stake, calls for independent entertainment board

Posted by: UGN Security

[Reuters] Third Point ups Sony stake, calls for independent entertainment board - 06/18/13 05:54 PM

TOKYO (Reuters) - New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.