The ailing Japanese giant Sony could spin off its entertainment business amid heightened competition from the consumer electronics giant Apple and the South Korea-based conglomerate Samsung, Reuters reported Wednesday.
The news gathering organization writes the CEO Kazuo Hirai confirmed Sony’s board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to twenty percent of its movie, TV and music division because Sony has “fallen behind powerful rivals” such as Apple and Samsung in terms of both profitability and innovation… Read More
























