Daily Digit: Sony's $1.1 Bln Stakeholder Urges Break-Up - Presented by: The Aol. On Network

The Daily Digit is $1.1 billion. Billionaire hedge fund investor Daniel Loeb is willing to put his money where his mouth is -calling for a break-up of Japanese conglomerate Sony. His Third Point hedge fund owns more than 6 percent of Sony's shares - a stake worth $1.1 billion - making it the largest investor. He is calling on Sony to spin-off its lucrative entertainment arm and is willing to put up another $2 billion to fund an initial public offering, calling the asset a "hidden gem."



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
AAPL $ 97.19 2.47 ▲ 2.61%
FB $ 71.29 2.02 ▲ 2.92%
MSFT $ 44.87 0.04 ▲ 0.09%
EMC $ 28.75 0.23 ▲ 0.81%
BAC $ 15.52 unch
SIRI $ 3.46 0.02 ▼ 0.57%
JNPR $ 22.43 2.39 ▼ 9.63%
YHOO $ 34.71 1.11 ▲ 3.30%

As of 7/23/2014, 04:04 PM
More Most Active

Latest News Headlines

View All