Sony sold their $760 million stake in Olympus after investor Loeb’s demand

Sony is no longer holding any Olympus shares (Sony purchased approx. 12% share fro, Olympus back in 2012). Reuters reports that Sony sold their $760 million strake in Olympus after investor Loeb's suggested:

"Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb’s activist hedge fund Third Point LLC had called for.:

Daniel Loeb also called for Sony to spin off their sensor business:

Daniel Loeb calling for Sony to spin off sensor business

See Sony's website for additional information.

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