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Channing Tatum
Activist investor Dan Loeb sells stake in Sony Corp.
Activist investor Dan Loeb sells stake in Sony Corp.

More than a year after questioning Sony Corp.'s management approach and sharply criticizing its film and television studio for a handful of box-office flops, activist investor Dan Loeb has sold his shares in the Tokyo-based company. Loeb's hedge fund, Third Point, had owned about 7% of Sony, whose entertainment arm, Sony Entertainment Inc., includes film and television studio Sony Pictures Entertainment, Sony/ATV Music Publishing and Sony Music Entertainment. The sell-off caps a 17-month stretch that saw Loeb put Sony Pictures under a microscope and the studio respond by enacting major changes. On May 14, 2013, Loeb hand-delivered a letter to Sony President and...

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