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Stock impact report

Sony and Third Point Meet Again [The Motley Fool]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: The Motley Fool
Sony and Third Point Meet Again In a June 09 letter to Sony ( NYSE:SNE Third Point's first activist encounter with Sony This move marks Third Point's second attempted intervention effort at Sony in six years. In 0, Third Point accumulated a 7% stake in Sony spin off At the time, Third Point argued that it made no sense for Sony to operate its technology and media businesses under the same corporate umbrella. Third Point believed the two business units did not benefit each other to operate within the same company and may have hindered each other due to lack of management focus and resulting business underinvestment. Ultimately, Sony ignored Third Point's demands, and the hedge fund sold its Sony stock in 0. Despite the failed attempt to enact change at the company, Sony's stock performed well, and Third Point ended up making a 0% profit on its 0 investment. Sony's conglomerate discount This time around, Third Point is making similar demands for a break up but has taken a different tack Show less Read more
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