ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Sony shares surge after report of US hedge fund investment

Activist investor Daniel Loeb returns as company shareholder

Daniel Loeb’s hedge fund Third Point is reportedly setting up a $500 million to $1 billion fund dedicated to building a stake in Sony to push the company to streamline its businesses, targeting the electronics maker for the second time in six years.   © Reuters
AKANE OKUTSU and JADA NAGUMO, Nikkei Staff Writer | Japan

TOKYO -- Sony shares surged 9% in Tokyo on Tuesday after a report by news agency Reuters revealed that U.S. hedge fund Third Point, led by investor Daniel Loeb, has been building a stake in the company to press for changes, including a review of its businesses.

Read Next

Sponsored Content

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

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close