Daniel Loeb’s Third Point Capital revealed Friday that it’s acquired a chunk of ViacomCBS stock, but the hedge fund did not indicate whether it’s planning to move into activist mo…
stock, but the hedge fund did not indicate whether it’s planning to move into activist mode in the way that’s caused headaches for Sony and other companies.
In an SEC filing, Third Point indicated it had acquired 2.75 million ViacomCBS shares for about $15.4 million in the fourth quarter. Loeb may see the newly merged media company as a good buy. And it’s basically an entity run by the Redstone family via controlling shareholder National Amusements, with a limited amount of shares with meaningful voting power and not much room for activists to maneuver. But public stakeholders can always kick up some dust.
and constructivist ideas and increased exposure to these names,” Loeb wrote in a separate fourth-quarter investor letter. The investor has agitated for years for Sony to split itself up and cut loose businesses from entertainment to semiconductors. Notwithstanding those calls for a breakup, Sony was listed as one of Third Point’s top performer year-to-date and month-to-date its its latest monthly filing. The fund owns 1.5 million shares of Sony.
ViacomCBS reports earnings next Thursday, February 20, its first disclosure of financials as a combined company since the merger closed in December.Subscribe to
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Berlin: Daniel Bruhl to Star in, Produce 'All Quiet on the Western Front' AdaptationThe World War I literary classic, which was made into an Oscar winner in 1930, is getting a fresh take, this time in its original German language, with 'Patrick Melrose' helmer Edward Berger to direct and Rocket Science handing worldwide sales.
Baca lebih lajut »
Tom Goss and Daniel Franzese Explore a Complicated Love Affair in 'Quebec': WatchTom Goss, the gay songwriter who taps into the complicated ups and downs he expereinces in love as fodder for his art, is back with a new video for his next single, “Quebec” (premiering below).
Baca lebih lajut »
Daniel Reportedly Taking Westminster Upset on the ChinDaniel, the first golden retriever to make it to Westminster’s final round, is “getting lots of hugs” after his loss
Baca lebih lajut »
Brie Bella Shows Off Baby Bump as She Steps Out with Husband Daniel BryanThis is the second baby for Brie Bella and Daniel Bryan, who have been married since 2014
Baca lebih lajut »
Daniel M. Lavery wrestles with art and identityDaniel M. Lavery documents a life in flux in his new collection, 'Something That May Shock and Discredit You' (written under his old name of Daniel Mallory Ortberg).
Baca lebih lajut »
Daniel Mallory Ortberg talks 'Twin Peaks,' Sweet Valley, and more pop-culture favoritesThe acclaimed author reveals his all-time favorite movie, the book he considers to be most overrated, and more.
Baca lebih lajut »