Reuters: Money News: Sony rejects Loeb's proposal to spin off entertainment unit

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Sony rejects Loeb's proposal to spin off entertainment unit Aug 6th 2013, 03:24 TOKYO (Reuters) - Japan's Sony Corp on Tuesday rejected a proposal from activist shareholder Daniel Loeb to spin off part of its entertainment business, arguing it could still squeeze synergies from its marriage of content and hardware while promising greater disclosure.

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