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…
Dan Loeb: “Sony Reminds Me Of Yahoo”
HFA Staff
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