Hedgie to pitch Sony on selling off entertainment division
Hedge fund activist Dan Loeb is gearing up to launch a roughly 200-page presentation to press Japanese electronics maker Sony to explore a sale of Sony Pictures, which owns the “Spider-Man” and “Men in...
View ArticleSony and hedge fund manager Dan Loeb call truce: sources
The much anticipated rematch between hedge fund manager Dan Loeb and Sony Corp. has been put on hold — for now, The Post has learned. In April it emerged that Loeb was gearing up to take a second shot...
View ArticleAckman, Loeb oppose United Technologies’ merger with Raytheon
United Technologies Corp.’s $120 billion aerospace merger with Raytheon is facing stiff resistance from hedge fund moguls.
View ArticleDan Loeb’s pitch to break up Sony lifts stock
Sony shares got a boost Friday on hopes billionaire investor Dan Loeb will persuade the conglomerate to shed one of its “crown jewels.” Loeb argued in an eight-page letter to shareholders and 102-page...
View ArticleSotheby’s to go private in deal valuing auction house at $2.66 billion
The gavel has finally dropped on Sotheby’s. After six years of prodding from hard-charging billionaire Dan Loeb, the famed auction house has agreed to be taken private by French media titan Patrick...
View ArticleSotheby’s could get offers from rival investors despite $2.66B deal
The bidding war for Sotheby’s may not be over, after all. The 275-year-old auction house — which agreed this week to sell itself for $2.66 billion to French telecom tycoon Patrick Drahi — could soon...
View ArticleDan Loeb joins Bill Ackman in opposing United Technologies’ merger with Raytheon
A second hedge fund activist has come forward to oppose United Technologies’ planned merger with defense contractor Raytheon. Dan Loeb, known for pushing for change at Sony and Campbell Soup, has...
View ArticleThird Point buys stake in Ray-Ban maker EssilorLuxottica
Third Point, the US hedge fund that has pushed for changes at companies ranging from Nestle to Campbell Soup, has amassed a stake in Ray-Ban maker EssilorLuxottica, people familiar with the matter said...
View ArticleAnthony Scaramucci moves $290M to three major hedge funds amid rough 2020
After a brutal start to 2020, hedge fund manager and ex-White House communications director Anthony Scaramucci is turning to the big boys for help. In a letter to investors obtained by The Post — to be...
View ArticleDisney to reorganize entertainment operations with focus on streaming
Disney is restructuring its media and entertainment divisions as streaming has become the most important area of its business under the crush of the coronavirus pandemic. The Mouse House on Monday said...
View ArticleActivist investor Dan Loeb urges Intel to explore deal options
Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the...
View ArticleIntel replacing CEO Bob Swan with tech vet Pat Gelsinger
Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by industry veteran Pat Gelsinger.
View ArticleCrypto lender BlockFi struggles to raise cash despite discount: source
Crypto lender BlockFi is struggling to raise cash despite offering to take a steep discount on its valuation, The Post has learned.
View ArticleDaniel Loeb’s Third Point suggests spinning off ESPN after taking stake in...
Loeb bought a stake in the second quarter not long after he liquidated the firm's position in Disney during the first quarter.
View ArticleDisney hits back at activist investor Dan Loeb after ESPN spinoff proposal
After repurchasing a stake in Disney, Loeb criticized the Mouse House's board of directors.
View ArticleInvestor set to bag windfall from Elon Musk’s Twitter deal — but house...
Matt Halbower in 2019 moved his hedge fund's headquarters from the Chicago suburb of Evanston, Ill. to Naples, Fla., where he owned a $14 million mansion, sources said.
View ArticleDan Loeb’s Third Point hedge fund seeks new Bath & Body Works directors
The addition of two new members - a veteran chief financial officer with expertise in capital allocation and an expert in consumer products - did not appease Loeb's Third Point.
View ArticleBillionaire Dan Loeb’s hedge fund Third Point is in a major slump: report
Third Point, which is listed on the London Stock Exchange and has some $11.7 billion under management, saw assets fall about 1.6% so far this year through August -- a rough blow after experiencing at...
View ArticleFormer Gov. Andrew Cuomo addresses power women’s gathering at hedge funder’s...
Cuomo has been trying to plan a political comeback, sources have previously told Page Six, including a possible run for mayor.
View ArticleAdvance Auto Parts to add 3 new directors after Dan Loeb’s firm takes stake
The board refreshment comes only six months after the company picked Shane O'Kelly, a former US Army captain who had held senior roles at Home Depot, to replace Tom Greco as chief executive.
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