Sony Corp (6758.T)
20 Jun 2019
Fri, Jun 14 2019
Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.
* Sony shares rise (Adds Sony statement, fund manager, share price)
June 13 Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its entertainment and semiconductors businesses into separate companies, the second time in six years it has targeted the Japanese electronics maker.
SYDNEY Global video game company Sony Interactive Entertainment Europe Ltd broke Australian consumer law by telling customers they could not get a refund for faulty PlayStation games, Australia's consumer watchdog said in a lawsuit.
* Australia consumer law lets people return faulty products (Adds quotes from regulator, details from lawsuit)
TOKYO Sony Corp sees the smartphone business as indispensable to its brand portfolio, its CEO said, bucking calls from some investors that the Japanese electronics firm should scrap the money-losing business.
* CEO confident of improving profitability at pictures unit (Adds quotes and details of Sony's business)
TOKYO, May 22 Sony Corp sees the smartphone business as indispensable to its brand portfolio, bucking calls from some investors that the Japanese electronics firm should scrap the money-losing business, its CEO said.
SAN FRANCISCO Microsoft Corp and Sony Corp on Thursday said they struck a strategic partnership in which Sony would use Microsoft's cloud for streaming games and media and the two would work together to develop image sensors.
TOKYO, May 17 Japan's Nikkei share average jumped on Friday, led by Sony and technology shares, but ended the week with a slight loss amid concerns about rising U.S.-China trade tensions.