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A Letter to the Big “N"
By shandog137
Posted on 09/12/14
I have and will continue to have a place in my heart for Nintendo. In fact, my first console was a Super Nintendo. The video game market has changed drastically since the early '90s and it seems like what once was platinum is more so along the lines of silver now. Nintendo has always been...

GAMING NEWS

Sony Shareholders Meeting Tomorrow To Discuss Company Split

Posted on Wednesday, June 19 @ 11:45:05 Eastern by Alex_Osborn

Tomorrow, June 20th, Sony shareholders will be meeting to discuss the potential breakup between the entertainment and electronics divisions of the company.

According to Nikkei, Sony head Kaz Hirai would like to keep the two divisions together, disagreeing with the wishes of Third Point LLC boss Daniel Loeb. Just last month, Loeb delivered a letter to Mr. Hirai requesting that the firm sell 15-20% of Sony Entertainment off to shareholders. This would then allow the company to provide further funding to its electronics-based branch.

That said, Hirai has made it clear that the board will “come to a decision that represents Sony’s stance.”

Looks like we'll find out tomorrow how everything will ultimately shake out. What do you think is the best move for Sony? Be sure to tell us and the rest of the GR community by voicing your opinion in the comments below.

[Via]
Tags:   Sony
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