Eminence Capital is known for buying stakes in companies with the intent of forcing a deal or change of control. But Zynga's stock ownership structure makes the success of such a play unlikely. So what is Eminence up to?
Eminence Capital disclosed Monday it had taken a 9.6% stake in World Wrestling Entertainment. Eminence last year waged a successful activist campaign to merge Men's Wearhouse and JoS. A. Bank.
Eminence Capital, one of the loudest voices in the battle to merge Men's Wearhouse and Jos. A. Bank, stands to make millions on the deal.
The difference between getting acquired or being the acquirer is often little more than a matter of pride. "The barrier is over management's needs not the owners or customers," says Sonnenfeld.