Dan Loeb: “Sony Reminds Me Of Yahoo”

HFA Padded
HFA Staff
Published on
Updated on
Sony

Dan Loeb says that Sony Corporation (NYSE:SNE) (TYO:6758) reminds him of Yahoo! Inc. (NASDAQ:YHOO) before he waged a proxy battle at the web giant. The hedge fund manager made the comments while speaking to Reuters today. Right now, Dan Loeb is in the opening phase of a battle that he hopes will see the Japanese diversified giant sell off a large portion of its Entertainment arm. Third Point Stakes In Sony Corporation (SNE) Dan Loeb’s hedge fund, Third Point LLC has built up a $1.1 billion stake in Sony Corporation (NYSE:SNE) (TYO:6758). Back in 2011, Loeb built up a large…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

The post above is drafted by the collaboration of the Hedge Fund Alpha Team.