Time to Break Up Sony?

The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill along with analysts Jason Moser and Andy Cross discuss the top business and investing stories of the day.

Shares of Sony (NYSE: SNE  ) hit a new 52-week high on Tuesday on the news that hedge fund manager Dan Loeb was pushing for Sony to spin off its entertainment division. Loeb, who owns a 6.5% stake in the Sony, hand-delivered a letter to Sony CEO Kazuo Hirai. In this installment of MarketFoolery, our analysts talk about the future of Sony.

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The relevant video segment can be found between 0:27 and 5:15.

For the full video of today's MarketFoolery, click here.


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  • Report this Comment On May 15, 2013, at 11:31 AM, TMFOpie wrote:

    Fools,

    Some self editing here...

    In this Sony piece I mistakenly said that Dan Loeb believes that a 9x EBITDA multiple on Sony's Entertainment properties could release 625 billion dollars worth of value. And Chris seemed surprised at that. Well of course, because it would make Sony the largest company in the world.

    It is actually 625 billion yen, which comes out to about $6 billion give or take. Which would still be a large win for Loeb's stake.

    So in full disclosure I wanted to make sure I clarified that point.

    Thanks,

    Andy

    TMF Opie

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