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News Summary: Sony mulls hedge fund’s spinoff idea

By The Associated Press
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SPINOFF: Sony’s CEO Kazuo Hirai says the electronics giant’s board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.

THE RATIONALE: Loeb said money from the sale could be used to shore up Sony’s ailing electronics manufacturing unit. Some analysts say a spinoff could help Sony unlock value from its audio and video content.

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