Hedge fund Third Point sells most of its shares in Sony: Nikkei By Reuters

Hedge fund Third Point sells most of its shares in

© Reuters. Journalists wait for Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida’s news conference on the company’s business plan at Sony’s headquarters in Tokyo

TOKYO (Reuters) – Hedge fund Third Point (NYSE:), which had been pressing Sony Corp (T:) to make changes including selling non-core assets, has sold most of its shares in the Japanese electronics company, the business daily reported.

Third Point held less than 10,000 shares in Sony (NYSE:) as of the end of June compared with 670,000 at end-March, the Japanese daily said, citing U.S. regulatory documents.

Third Point had held 1.5 million shares at the end of December, the paper said.

A Sony representative said the company would not comment on individual shareholders.

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