TOKYO (Reuters) - Sony Corp said on Thursday it would buy back shares worth up to 200 billion yen ($1.83 billion), or 4.8% of stock, through March 31, 2020, in an effort to boost shareholder returns.
It follows a share buyback of 100 billion yen, its first ever, announced in February.
Reuters has reported that Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony again to push for changes that include shedding some businesses.
Reporting by Makiko Yamazaki; editing by Christian Schmollinger
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