Sony rejects Loeb's entertainment business spinoff plan

Sony Corp. rejected hedge-fund investor Daniel Loeb's proposal to sell part of its entertainment business through a public offering, saying that holding full ownership of its movies and music divisions is fundamental to the company's future.

In a letter released on Tuesday, Sony said it considered the proposal made by Mr.

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Source: http://www.totaltele.com/view.aspx?ID=482669

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