$SNE Third Point recommends Sony consider four strategic alternatives to unlock trapped value and better position the company for growth. They are: Aspin-off of the semiconductor business into a new standalone entity listed on a Japanese stock exchange.Positioning the "New Sony" as a global entertainment leader.Considering the monetization of public equity stakes in M3, Olympus, Spotify Technology SA $SPOT and Sony Financial.Optimizing the capital structure by expanding net leverage to a level that is consistent with global media and entertainment peers at one to two times.