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Deja vu at Sony with activist Loeb back in the picture

Pressure mounts on Sony to brush up its struggling movie business

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)

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.

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