
Billionaire hedge fund manager Dan Loeb’s call to spin off Sony Corporation (NYSE:SNE) (TYO:6758)’s entertainment business hasn’t gone down well with the electronics giant, Wall Street and economists. Sony has already rejected Dan Loeb’s proposal, and Goldman Sachs Group, Inc. (NYSE:GS) favors the Japanese company’s decision against the hedge fund manager’s proposal. In the latest development, credit rating agency Fitch Ratings said today that spinning off the entertainment business is unlikely to solve Sony Corporation...
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