Sony woes could spark another battle with Loeb

𝄹Sony Corp.’s continued struggles and falling stock price could spark another battle with activist investor Dan Lo𓃲eb, The Post has learned.

Loeb, the founder of the Third Point hedge fund, may jump back into a battle with the Sony board if shares of the electr𝔉onics company — down 5.2 percent this year, to $1✤6.39 — continue to tumble, sources familiar with Loeb’s thinking said.

Last summer, Loeb amassed a small stake in the $17 billion company and called for Sony to consider spinning off the firm’s enter💞tainment assets as🅰 a way to unleash their true value.

Loeb, in a letter to the Sony boar൲d, pointed out several inefficiencies, hence embarrassing executiv🍎es.

Sony politely declined the spin-off🎀 idea but promised to undertake major restructurings and rounds of cost cuts.

Nearly one year later, Sony’s financial situation doesn’t look m﷽uch different.

“Loeb will be rattling now that the stock has dropped,” said the person familiar with the situa𒁃tion. “This [also] opens the door for other activist investors.”

Sony’s poor financial situation leaves its US chiefs in a tough spotꦯ, wondering how to expand their businesses when all the capital has to head back to Tokyo, one person explaꦗined.

“It’s going in the wrong dir๊ection,” said one source with kno🐻wledge of the situation.

“As long as the stock keeps dropping, Loeb’s 🐎plan for a spin-off of the entertainment assets is logical,” a s🧸econd source in the loop said.

This person likened the entertainmeﷺnt assets of Sony to the value of Yahoo!’s Aliba🍸ba stake — meaning that the core business adds little to the overall value of the company.

Sony’s move to spin off its television-set business into a new entity is being viewed as a precursor to a possible sale — one move that 🅘would fit into Loeb’s vision of a slimmed-dꦍown Sony.

Sony’s entertainment assets are valued at roughly $14 billion, so🗹urces estimated.

A stock price decline to the $13-a-share neighborhood could bring activꩲis𝄹ts off the sidelines, the person said.

If the entertainment assets were sold, Sony could give its stock price a huge boost and bಞegin a period of reinvestment in its core product﷽s.

Sony has continued to say it isn’t interested📖 in selling its entertainment assets and rejected Loeb’s plan for a spin-off soon after its proposal last year.

A Sony spokesman couldn’t be reached for comment.

Third Point declined comment.