MNTV - Activist Jana takes stake in SurveyMonkey parent Momentive Global

• Activist Jana Partners disclosed a stake in Momentive Global ( NASDAQ: MNTV ) a report last month that the parent of SurveyMonkey parent was evaluating a sale after getting takeover interest.
• Jana disclosed owning more than 933,000 shares in its latest 13-filing for the period ended Sept. 30.
• Bloomberg reported last month that Momentive ( MNTV ) is working with an adviser on a possible sale and no final decision has been made.
• A possible sale comes after Zendesk ( ZEN ) agreed to buy Momentive ( MNTV ) last year for $4.2 billion, but axed the deal in February after Zendesk shareholders came out against it. Momentive shares have plunged 47% since the Zendesk deal was terminated in late February.
• Momentive shares fell 1.4% in trading on Monday.
• The Jana stake is noteworthy because Jana was originally pushing Zendesk to abandon its takeover of Momentive ( MNTV ) last November.

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