14-05-2013 16:01
Cita:To Mr. Loeb, more must be done, starting with the spinoff of Sony Entertainment. Though the division accounts for more than 40 percent of the companyÔÇÖs enterprise value, he said in his letter that it needed discipline to raise its profit margins. Mr. Loeb estimated that a partial spinoff of the entertainment business could bolster SonyÔÇÖs share price by as much as 60 percent.
In his letter, Mr. Loeb proposed handing 15 to 20 percent of Sony Entertainment to existing shareholders. His firm would be willing to backstop the initial public offering up to $2 billion to ensure its success.
Other underappreciated assets include the companyÔÇÖs 60 percent stake in Sony Financial, which largely sells life insurance policies, as well as real estate holdings and stakes in other companies. And Mr. Loeb is expected to argue that SonyÔÇÖs electronics division must sharply reduce costs, including by taking a cue from its protégé, Apple, in focusing on a few core products.
Uno de los mayores grupos de inversión en Sony le ha pedido que:
- divida la compañía en entretenimiento y electrónica
- la división de electrónica se centre solamente en los productos rentables
Carta a Sony.