Sony Corp (SNE.N)
18 Apr 2019
TOKYO A Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display after pumping in funds as part of a 232 billion yen ($2.1 billion) bailout plan for the troubled display panel maker.
* China-Taiwan group to inject 80 bln yen, get 49.8 pct stake
TOKYO Sony Corp shares surged more than 9 percent on Tuesday after a Reuters report saying Third Point LLC was again raising its stake in the Japanese conglomerate stoked speculation that fund owner Daniel Loeb was preparing to agitate for more change. | Video
* Third Point raising $500 mln-$1 bln to buy Sony stock -sources
* Recent strong Chinese econ indicators support underlining mood - traders
TOKYO, April 9 Japan's Nikkei edged lower on Tuesday morning as investors awaited full-year earnings reports, while Sony jumped after Reuters reported that U.S. hedge fund Third Point was again building a stake in the company to push for changes.
TOKYO, April 9 Shares of Sony Corp were untraded early Tuesday with a glut of buy orders after Reuters reported that Daniel Loeb's hedge fund Third Point LLC was building a stake in Japanese electronics conglomerate again to push for changes.
Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.
(This April 1 story corrects the full name of OLED in paragraph 2)
TOKYO, April 1 Apple supplier Japan Display Inc said on Monday it aims to raise as much as $990 million in new financing as early as this week, sending shares of the struggling manufacturer sharply higher.