By Sharon Waxman LOS ANGELES (TheWrap.com) - The news that activist shareholder Dan Loeb invited Sony to spin off its entertainment property had the entertainment industry buzzing this week: Who is Dan Loeb and what does he want with Hollywood? The manager of the $12.9 billion hedge fund Third Point Ventures is smart, strategic and - according to an individual close to the hedge fund manager - he's not necessarily interested in entertainment per se. He may, however, be interested in content. "Hollywood is a small piece of business," said this individual, noting that Third Point owns about 5. ...
via Movies News Headlines - Yahoo! News http://news.yahoo.com/does-activist-investor-dan-loeb-want-hollywood-hint-232236008.html
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