US billionaire tries light touch in Sony shakeup
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A US billionaire’s gentle bid to convince Sony to spin off part of its entertainment arm could mark a dramatic shift from previous, mostly unsuccessful, forays by foreign investors into Japan’s cloistered corporate landscape, analysts say.
Read MoreSell-off plan hedge fund ups its Sony stake
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The hedge fund that has called on Sony to list part of its profitable entertainment arm has boosted its stake in the company, a report said Tuesday, days ahead of a shareholders’ meeting.
Read MoreSharp shares soar as Qualcomm money comes through
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Shares in Sharp jumped 15.21 percent in a surging Tokyo market as the electronics maker announced steady progress in investment from US firm Qualcomm.
Read MorePanasonic to cut 5,000 jobs over three years
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Struggling Japanese electronics giant Panasonic said Thursday it was aiming to cut about 5,000 jobs over three years in its automotive and industrial systems unit, following an eye-watering annual loss.
Read MoreSony shares surge after US hedge fund calls for change
(©AFP)
Sony shares rocketed Wednesday after a US hedge fund called on the company to sell off part of its entertainment unit, in a rare bid by a foreign investor to penetrate Japan’s staid corporate culture.
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