{
  "docId": "019de06f-d4b7-72ab-9bef-74ff505356b5",
  "docSlug": "e6ccdccde9e4f314d35e33b1eb767bd3",
  "documentTitle": "Third Point Management | Activist Presentation Deck | 102 slides",
  "authorId": "third-point-management",
  "authorName": "Third Point",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-06-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 47,
  "pageCount": 102,
  "prevPage": 46,
  "nextPage": 48,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 240,
  "notes": "Data as of 6/11/2019. Multiples are fully burdened for share-based compensation.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de06f-d4b7-72ab-9bef-74ff505356b5/47",
  "deckHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5",
  "deckJsonHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5.json",
  "deckAnchorHref": "/decks/019de06f-d4b7-72ab-9bef-74ff505356b5#slide-47",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.82,
        "x": 0.09,
        "y": 0.82
      },
      "kind": "callout",
      "text": "Pure-play gaming and entertainment comps suggest consolidated “New Sony” would trade between 12x - 15x EBIT",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "17e6230e-763d-4f87-87d6-ce425933f333",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.5,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Market data as of 6/11/2019; all multiples based on earnings metrics fully burdened for share-based compensation",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7a824a3-efae-40c6-8e9e-a8bc3087e9a7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "table",
      "text": "Video game companies valuation table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "60caf6a2-86ca-42e4-baf4-2b16df707830",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "table",
      "text": "Entertainment conglomerates valuation table",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6eba7b5e-1fe2-45d3-871f-d10389f37951",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "New Sony will be comped against global peers in the gaming, music and film production sectors",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "657b5221-fa2b-4d28-a116-5657f0cd930d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison_frame",
      "slug": null,
      "matchId": "4bb82781-a6ff-4adf-a7d4-b56186de3c78",
      "evidence": "Comparison of peer multiples to derive valuation",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}