We Will Not Discuss “Smurfs 2”

What we would expect is more disclosure and a more detailed plan for how they will improve profitability in their entertainment division, including specific profitability targets. We will monitor their performance in coming quarters and revisit Sony’s progress around the time of next year’s annual meeting.

— Third Point Capital CEO Daniel Loeb, whose hedge fund owns an estimated seven percent of Sony Corp., in an exclusive interview with Variety’s Ted Johnson. Sony rejected Loeb’s proposal to spin off 20 percent of its entertainment assets.

Voices

Sony Says Entertainment Business Not for Sale

U.S. hedge fund billionaire Daniel Loeb proposed Tuesday that Sony Corp. spin off its entertainment arm — comprising its movie and music businesses — by taking up to 20 percent of the unit public.

The Marissa Mayer Yahoo Show, Brought to You by Daniel Loeb

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But the pastries were a nice touch!

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Hoo boy! More Yahoo mishegas!

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Actually, it’s “Go to H-E-double-toothpicks.”

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