CNET Board Facing Hostile Takeover

The Web - 2008

CNET Board Facing Hostile Takeover

http://www.nytimes.com/2008/01/07/technology/07shareholders.html?ex=1357...
Scanned by: Accel Rose over 4 years ago

"A consortium of prominent investment funds has amassed a 21 percent stake in CNet and is seeking to oust the company’s directors and take over a majority of its board, according to people briefed on the proposal. The consortium sent a letter about its plan to the CNet board two weeks ago, these people said, which the company has yet to disclose." It seems this consortium is pissed off about the lack of increase in CNET stock as other similar companies have rocketed up the past few years.

Type: News | Also: Business & Work |

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CNET Board Facing Hostile Takeover

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