Investing.com – Sony jumped in midday trading following a report that a hedge fund made a stake in the company to initiate change.
Daniel Loeb's Third Point has acquired a stake in Sony the second time in six years, but the size of the position was unknown.
Sony (NYSE 🙂 rose 7%.
The company is currently in a turnaround plan and is looking for the next revenue driver as sales of the PlayStation 4 reach the end of their cycle.
Sony shares fell 4.5% over the year.
At midday 0.6% had risen.
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