Sony mulls over hedge fund's proposal to spin off entertainment unit

Sony will carefully consider the proposal by Third Point, a hedge fund that owns 6.9% of the company's shares, to spin off its entertainment business, CEO Kazuo Hirai told shareholders. "This is an important proposal that will influence the future of Sony," said Hirai, who said he understands the need for changes at the electronics giant but has been hesitant to spin off the entertainment unit.

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