Featured Articles

AMD Never Settle Forever bundle hits 200-series cards

AMD Never Settle Forever bundle hits 200-series cards

AMD’s Never Settle bundles have been around for a while and the community response has been extremely positive. When AMD launched…

More...
AMD shipping Beema APUs

AMD shipping Beema APUs

According to Lisa Su, SVP & GM, Global Business Units at AMD, Beema notebook parts have started shipping to manufacturers last…

More...
IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 06 August 2013 10:40

Sony says no to spin off

Written by Nick Farrell

Tells Loeb to sling his hook

Sony have rejected a proposal from activist shareholder Daniel Loeb to partially spin off its entertainment business.

Sony said there is still mileage in its decades-old marriage of content and hardware and promised more disclosure in its entertainment operations. Loeb's Third Point hedge fund tried to convince the company to sell as much as one-fifth of its money-making entertainment arm to free up cash to revive the electronics business. Sony would then profit from having a IPO of the new business and own a share in the new business.

Sony CEO Kazuo Hirai said in a letter to Loeb that Sony's board of directors had unanimously concluded that continuing to own 100 percent of its entertainment business made more sense.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments