Janapartners Joint Investment fund wants to buy it information Web site CNET

America's hedge fund Jana, US time, said in Monday that it was working with several investment funds to form a consortium seeking to enforce its performance and valuations by forcibly acquiring it Web site CNET. So far the consortium has successfully acquired CNET's nearly 21% stake. The consortium, in addition to the Jana, a hedge fund created by Barry Rosenstein at $8 billion trillion, includes hedge fund Sandell Asset Management and VCs Spark capital. Jana and his supporters currently have CNET 8% voting shares and 13% non-voting shares. Jana to CNET's prolonged slump: less than 1% last year and a 10% per cent rise in the same period, while CNET's shares fell 19% from 2005 to three years, while the NA index rose 22% percentage points. Meanwhile, the value of Internet companies is on the rise. Two weeks ago, the consortium submitted a takeover proposal to CNET, but was rejected. CNET has issued several anti-takeover rules to try to stop acquirers from controlling the board's plans. CNET was founded in 1992 with an existing staff of 2600 people. CNET currently has a number of it websites including Zhongguancun, Bathers, ZDNet, etc.