Filed under: Deals

We haven’t heard much from the Jana Partners LLC contingent following CBS Corp.’s May 15 announcement that it would buy CNet Networks Inc. for $1.8 billion.

Jana leads an investor group that wants to nominate directors and raise other matters at CNet’s 2008 annual meeting. The firms have criticized the media company for failing to translate its strong brands into shareholder value.

Tech Confidential spoke with a person close to the proxy process who said that Jana and its investor group, which own roughly 21% of CNet, is still reviewing the transaction. At first glance, the deal supports Jana’s reason for going after CNet, the person said.

Continue reading at TechConfidential.com.

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This entry was posted on Tuesday, May 27th, 2008 at 2:08 am and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.