Sony Board to Discuss Third Point Plan

Under pressure from an activist investor to take part of its entertainment business public, Sony said it plans to discuss the proposal with its board.

“The proposal from Third Point, Dan Loeb is something that we should discuss thoroughly at a board meeting and then we’ll decide Sony’s stance,” Chief Executive Kazuo Hirai said in a briefing Wednesday to lay out his strategic vision for the company. “Therefore, we are now going to start the discussion and we are still at the starting stage.”

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