Investors Storm CNET

Schachter, Ken
January 2008
Red Herring;1/7/2008, p9
Trade Publication
The article announces that dissident investors have amassed a 21 percent interest in CNET Networks and plan a proxy fight to gain control of the technology news provider. Jana Partners said that in addition to its 8 percent voting stake in CNET, the hedge fund has an 8 percent non-voting interest and has enlisted Sandell Asset Management, with a 5 percent non-voting interest, as an ally. Shares of CNET have stagnated in recent years, gaining about 1 percent in 2007 versus 10 percent for the Nasdaq Index.


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