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© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.U.S. hedge fund boss lobbies for breakup of Sony
By YURI KAGEYAMA and RYAN NAKASHIMA TOKYO©2024 GPlusMedia Inc.
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ohayo206
Breaking up Sony might not be a bad idea. Right now its too big and less nimble than smaller companies.
CruisinJapan
Phase I: publish article, create a buzz in the anaylst sphere
Phase II: use the buzz to manipulate share price
Phase III: scare investors into believing the corporation is mismanaged
Phase IV: prompt vote eventually leading to divesture of a business unit (IE Sony Entertainment)
Phase V: obsene profit, tapdance on the way to the bank, champagne shower in a new Rolls Royce
isoducky
Bad idea, what should be done is to force Sony Entertainment and Sony Hardware to get along. As far as making the hardware section more profitable, move some assembly outside of Japan and find ways to bring the cost down.
some14some
BOJ/Abenomics has flooded j-market with trillions of yen, now at the moment no major japanese company will listen to a foreign voice.
House Atreides
With its stock price increasing, Sony won't need any cash infusion from Loeb. Anyway, the reason why Sony has an entertainment division in the first place, goes all the way back to VHS vs Betamax.
Having an entertainment division gives you an edge in any format war. Content drives sales of the hardware, not the other way around.
Michael J Cassidy
Do not like these people ruin your country, look at what they did to the USA!
SamuraiBlue
isoducky
Sectionalization within companies are becoming an aliment in all large companies today. The problem being how to divide the profit IF it goes right and how to deflect the blame game when things goes wrong. The large trade houses like Mitsubishi, Itochu and or Sumitomo had devised a system which many companies should take note.
toshiko
USA entertainment business is barely alive, Movie makers, movie stars, TV production companies will hate to have Sony breaks up. Sony distribute for them, Sony keeps them alive. It is none of outsiders' business to tell Sony what kind of business Sony keeps. Flat Screen of Sony is popular now. It is just like telling Mitsubishi breaks its auto industry and its electronic industry or many other successful companies.
toshiko
Sony now began creating innovative products and still very popular in USA. The corporation structure is not like FaceBook was when Third Point LLC broke up FaceBook, Trying to break up Japanese corporations> Different kind of operations than USA corporations. Sony will be alive. Third Point has to worry about of various Reguklatories of US Govt. now. To be involved to Foreign Countries' business? Several boards will nose in.
Disillusioned
So, all the big Japanese electronics companies are in the shit! Sony, Panasonic, and Sharp are just the recent news. The car makers are going down the spout as well. Good luck rebuilding the economy with your imperialistic views and radical economic policies Mr. Abe! Japan is doomed!
Upgrayedd
This is going to be good when the Japanese government announces 3% GDP growth tomorrow.
presto345
Vulture hedge funds trying to manipulate markets.
ubikwit
@presto Yes, that and also having the leverage to exert pressure to force some action on the part of Sony. He is trying to promulgate and exploit a weakness of Sony that he can actually make worse by applying pressure, forcing them to (re)act in response to his high-profile prevarications.
The phrase
is indicative of the fact that the finance industry stands to profit if such a course were adopted, but no one else. The so-called "hidden value" would simply be funny money swept up and away in trading transactions, with no impact on the real economy.
timtak
I think that they Sony should devolve Sony Life too. The Japanese are good with things that they can imagine, and financials can't be imagined, and Movies TV can't be imagined as much as one might think since so much if the business is concept, script and distribution system. "Music" can be imagined if "idols."