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Leaked Sony Emails Show Loeb Influence On Studio Execs

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives Conference in Las VegasBy Ritsuko Ando and Svea Herbst-Bayliss TOKYO/BOSTON (Reuters) - Sony Corp movie executives kept up a dialogue with hedge fund titan Daniel Loeb, even after rebuffing the billionaire investor's proposal to sell up to one-fifth of the studio's entertainment business, leaked emails show. Loeb's New York-based Third Point took a 7 percent stake in the company in May 2013 and suggested that proceeds from a sale could be used to overhaul Sony's struggling electronics business. ...




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