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General

Sony resists shareholder recommendation to spin-off entertainment assets

Tuesday 17 September 2019 | 12:05 CET | News
Sony CEO Kenichiro Yoshida said the company received a letter in June from shareholder Third Point, which suggested Sony should spin-off and list its semiconductor business, effectively splitting the company into two separate entities, one focused on entertainment, and the other on semiconductors. In a letter to shareholders, the CEO outlined Sony's contribution over the years to stockholders and said the company will not be following Third Point's recommendation, after conducting an "extensive analysis."

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Categories: General
Companies: Sony
Countries: World
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