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| JANA To CNET: Keep Cutting! | | CNET CEO Neil Ashe, under pressure from hedge fund JANA and other investors, fired 120 employees yesterday and says it will put its best minds to work on a plan to save the company. So is JANA, et al, sated? What do you think? From JANA's st [..] Read complete article |  | Published 27-Mar-2008 by Silicon in General
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| JANA: Here's Our Plan For CNET | | Last week CNET fired 120 employees in an effort to appease JANA, the hedge fund that wants to boot the company's board and senior executives. That didn't do the trick. So what do JANA and its allies want CNET to do?
See for yourself: [..] Read complete article | | Published 01-Apr-2008 by Silicon in General
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| JANA Winning the CNET Pissing Match | | So far, the CNET (CNET) takeover war has mostly consisted of CNET and the JANA hedge-fund consortium trading press releases and legal filings. From the bleachers, however, JANA is winning the fight hands down.
We have a suggestion for [..] Read complete article | | Published 28-Mar-2008 by Silicon in CNET
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| CBS to Acquire CNET for $1.8 Billion |  CBS is taking aim at the young demographic as they prepare to shell out a whopping $1.8 billion in the acquisition of CNET Networks. The hefty sum amounts to $11.50 per share, a 44% premium over CNET’s closing price on the day of the announcement. JANA Partners, a major stakeholder in CNET, may be left [...] [..] Read complete article | | Published 15-May-2008 by Zach Epstein in News
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| CNET Canning 120 In Forced Reorg | | CNET is firing 120 employees -- 10% of its U.S. workforce, according to Reuters, or 4.4% of its worldwide workforce -- in a "realignment to more appropriately allocate resources," the company said, in a filing with the SEC. The company estimates the restructuring will cost $3.5 to $4 million in severance pay. CNET is under pressure from activist investor group JANA & Co., which is trying to ele [..] Read complete article | | Published 26-Mar-2008 by Silicon in General
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CBS will pay $11.50 a share for CNET. The all-cash deal represents a premium of 44% over above the $7.95 CNET closed at yesterday. Will it be enough to satisfy JANA et al?
Les Moonves, Q [..] 
A final formality to the CNET-Jana fight: The hedge fund and its allies have officially quit pursuing the proxy fight they started earlier this year (SEC filing). No need for them to do so: By [..] 
Tech publisher CNET, under siege from a hedge fund looking to invade the board and replace management, reported a narrower quarterly loss of $6 million, compared to $9.1 million a year ago, and revenue of [..] 
Who says there's no synergy between CBS and CNET? The deal only closed last week, but already CNET is making CBS News (CBS) at least look a little bit smarter on this iPhone story. Or at lea [..] 
We know that CBS intends to retain CNET management after the $1.8 billion acquisition. Now we know what CEO Neil Ashe and CFO Zander Lurie will be paid. Their amended employment agreements, per CNET's 8K: [..] 
