Third Point continues to hold Sony shares

US activist investor likely to have a say over Japanese technology conglomerate

20200823 Sony office

Sony may still be in talks with an activist investor who over the years has called on the group to spin off its movie and entertainment unit as well as its semiconductor business. (Photo by Masayuki Kozono)

KOHEI YAMADA, Nikkei staff writer

TOKYO -- A U.S. activist investor that had repeatedly urged Sony to offload its noncore businesses continues to maintain holdings in the iconic company, Nikkei learned on Monday.

Third Point said in a report submitted to the U.S. Securities and Exchange Commission that by June it had sold all of the American Depositary Receipts in Sony it held. But it also has shares in Tokyo-listed Sony, a person familiar with the matter told the Nikkei Asian Review, and the investor is likely to be in an active dialogue with the company.

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