{"id":53911,"date":"2013-05-14T11:09:52","date_gmt":"2013-05-14T09:09:52","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=53911"},"modified":"2013-05-14T11:10:50","modified_gmt":"2013-05-14T09:10:50","slug":"sony-entertainment-not-for-sale","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/53911-sony-entertainment-not-for-sale","title":{"rendered":"Sony Entertainment not for sale"},"content":{"rendered":"<p>Sony has turned away a spin-off for its entertainment division after a New York-based hedge fund proposed a funded public offering to the Japanese company.<\/p>\n<p>Third Point offered up to $2-billion to help support an IPO spin-off for Sony Entertainment in order to help Sony reduce its debt.<\/p>\n<p>&#8220;Our plan shifts that paradigm and we believe, if managed properly, it could result in as much as 60 percent upside to Sony&#8217;s share price,&#8221; Third Point said in a statement.<\/p>\n<p>A Sony official responded, saying that its Entertainment division is vital to the company\u2019s growth, and that it is not for sale.<\/p>\n<p>While Sony declined Third Point\u2019s offer, the hedge fund company is the largest owner of Sony shares, valued at $1.13 billion.<\/p>\n<h6>Source: <a href=\"http:\/\/www.reuters.com\/article\/2013\/05\/14\/us-sony-thirdpoint-idUSBRE94D0A320130514\" target=\"_blank\">Reuters\u00a0<\/a><\/h6>\n<h3 class=\"my-4\">More Sony news:<\/h3>\n<p><b><a href=\"http:\/\/mygaming.co.za\/news\/news\/53784-sony-see-profits-a-brighter-future.html\">Sony see profits, a brighter future<\/a><\/b><\/p>\n<p><b><a href=\"http:\/\/mygaming.co.za\/news\/news\/53505-sony-executives-give-up-bonuses.html\">Sony executives give up bonuses<\/a><\/b><\/p>\n<p><b><a href=\"http:\/\/mygaming.co.za\/news\/gadgets\/52701-sonys-dualshock-3-can-pair-with-xperia-smartphone.html\">Sony\u2019s Dualshock 3 can pair with Xperia Smartphone<\/a><\/b><\/p>\n<p><b><a href=\"http:\/\/mygaming.co.za\/news\/playstation-4-news\/52721-sony-would-hate-to-see-all-the-ps4-games-being-fps.html\">Sony would \u201chate to see all the PS4 games being FPS\u201d<\/a><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony turns back on spin-off proposal<\/p>\n","protected":false},"author":196,"featured_media":49556,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[31,4859,71,9980,9981],"class_list":["post-53911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active","tag-sce","tag-sony","tag-sony-entertainment","tag-third-point"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/53911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/196"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=53911"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/53911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/49556"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=53911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=53911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=53911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}