Investors seeking to take over CNet?

A consortium of investment funds has amassed a 21 percent stake in online publisher CNet with a view to replacing its board of directors, the New York Times reports today.

The California-based parent company of CNet Networks UK (which owns consumer and b2b web sites like and has struggled financially as the online publishing space has grown more crowded in the United States, particularly as its technology web sites have faced new competition from blogs.

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