Third Point Adds Stakes in ViacomCBS and Amazon

Published on Feb 14, 2020

Investor Dan Loeb has added small stakes in ViacomCBS and Amazon to the portfolio of his Third Point LLC investment firm during the final months of 2019.

Third Point disclosed in a Securities and Exchange Commission filing on Thursday its ownership of shares in the newly merged Redstone empire and the high-flying e-commerce behemoth.

Loeb at times has been an activist investor agitating for management and strategy changes at companies that he invests in. In 2013 and 2014, Loeb pushed for big changes at Sony Corp., including a spinoff of the Sony Pictures Entertainment studio arm. A representative for Third Point declined to

Read full article at: Variety - TV News

Author: Variety Staff