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Sony braces for sequel to movie business clash with Third Point

US fund reportedly amassing stake as Amazon and Netflix eye struggling studio

The last time hedge fund boss Daniel Loeb invested in Sony, he scored a nearly 20% gain.   © Reuters

TOKYO -- Sony is back in the crosshairs of U.S. hedge fund Third Point, setting the stage for another fight over the Japanese electronics conglomerate's struggling movie business.

Prominent investor Daniel Loeb's fund pushed Sony hard earlier this decade to reform and unload some of its operations. Now Third Point is reportedly building a stake in Sony again, sparking speculation that it will pressure the company to finally spin off the film segment.

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