Deja vu at Sony with activist Loeb back in the picture

Pressure mounts on Sony to brush up its struggling movie business

20190520 Sony 1

Investors will want to know how Sony President Kenichiro Yoshida intends to deal with  Daniel Loeb, who has once again built up a stake in the company. (AP/Reuters)

JADA NAGUMO, Nikkei staff writer

TOKYO -- When Sony President Kenichiro Yoshida faces investors on Tuesday to outline the electronics conglomerate's management strategy for the next two years, one question will be foremost: What does Daniel Loeb want?

Last Wednesday, Loeb's activist fund Third Point revealed through SEC filings that it had acquired about $63 million of Sony's American Depositary Receipts during the three months through March 2019.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.