gaming business: Sony over the past decade has reinvented itself as an entertainment company with stable revenue from music content and its video game platform, according to The Japan Times. Investors are now searching for its next source of growth as Sony's gaming business shows signs of slowing, with its popular Play Station 4 console nearing the end of its cycle. Once a market leader in consumer electronics, Sony is now in the midst of a turnaround effort spearheaded by Kenichiro Yoshida, its chief executive who formerly served at its chief financial officer. ; The maker of the iconic Walkman and Trinitron TV fell behind the likes of Apple Inc. in innovation after the release of the iPod in 2001 and the iPhone in 2007. Third Point's amassed stake in Sony thus far could not be learned. Third Point wants Sony to explore options for some of its business units, including its movie studio, which the hedge fund believes has attracted takeover interest from the likes of Amazon Inc. and Netflix Inc., the sources said. The hedge fund, which has about 14.5 billion in assets under management, is raising a dedicated investment vehicle, targeting between 500 million and 1 billion in capital, so it can buy more Sony shares, the sources said Monday.
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