Billionaire Daniel Loeb proposed a breakup of Sony Corp. after saying his hedge fund was its largest owner. Data from Sony, a Goldman Sachs Group Inc. vehicle and Japan’s Finance Ministry don’t support that claim.
Apple Inc., accused by the U.S. of being the ringleader in a conspiracy with publishers to fix electronic book prices, went to trial in a case that will feature evidence from its deceased founder, Steve Jobs.
Sony Corp. is working with Morgan Stanley and Citigroup Inc. as it considers adopting billionaire Daniel Loeb’s proposal for an initial public offering of its entertainment unit, people familiar with the matter said.
Facebook Inc., owner of the world’s most popular social network, is facing increased competition for younger users from services run by Twitter Inc. and Tumblr Inc., according to Chief Operating Officer Sheryl Sandberg.
Barry Diller, chairman of IAC/InterActiveCorp, said he’s exploring a sale of Newsweek, the magazine that went online-only this year, after concluding he erred in merging it with the Daily Beast website.