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Daniel Loeb Backs Down From Sony Spin-Off Talk

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Hedge-fund manager Daniel Loeb has apparently had a change of heart about Sony.

Tuesday afternoon, he disavowed his verbal assault on the Japanese company and push for it to sell its entertainment assets. Speaking with Variety, a publication his firm Third Point has invested in, he also praised a high-profile critic of his -- George Clooney.

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read more Reported by The Wrap 9 hours ago.

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