The plan of the billionaire Daniel Loeb passes through influence, through its new investment, the Board of Directors to execute the turnaround for Sony Electronics.
The billionaire Daniel Loeb, principal shareholder of Sony, it has expanded its participation in the company, which already owned a 9.4% share.
The shareholder had up to now with a Fund of titles of 6.5% , which amounted to $ 1.1 billion.
With this new investment, Loeb is bring forward a restructuring plan in the company to mislead the refloating of the electronics division through the fragmentation of entertainment and insurance lines.
According to information from Bloomberg, Loeb has expressed in a letter that "taking into account my large participation, I reiterate the offer of spinoff to the Board of Directors of Sony".
The central key of the proposal for the investor is to make public between 15% and 20% of the values of Sony Entertainment, which could thrive independently with support from the parent company, while this capital increase could be used to revitalize Sony Electronics.
Loeb holds that a partial spin-off of Sony Entertainment would also elevate the stock price of the firm by 60%.
For his part, Kazuo Hirai, CEO of Sony, recently confirmed in a Press Conference that the company could assess the proposal of the shareholder.
Sony is struggling to resist a strong competition, particularly from Apple and Samsung, and need to reinvent itself to attract new investors.
The manufacturer maintains its strategy of reviving the business of consumption on cameras, mobile phones and games to PlayStation devices. Without going any further, last week unveiled its Playstation 4 clear movement challenge to rival Microsoft.
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