Sony Analysts Question Loeb's Push After Strategy Flip Flop
- Analysts point to Loeb’s reversal of entertainment strategy
- Loeb blames sell-side analysts for Sony’s tepid valuation
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Dan Loeb is back trying to whip Sony Corp. into shape, but he’s drawing fire this time around after reversing course from his prior thesis.
Loeb’s Third Point last week revealed a $1.5 billion stake in the Tokyo-based company and advocated for a spin off of its chip business to finance deeper expansion in entertainment, including games and movies. That’s the opposite of what he championed in 2013, when he called on executives to sell a part of their film division.