Thursday, May 15, 2008

CBS buys CNET

Under the terms of an agreement, <A HREF="http://blogs.zdnet.com/BTL/?p=8832&tag=nl.e622">CBS will make a cash tender offer</A> for all issued and outstanding shares of CNET Networks for $11.50 per share, representing an equity value of approximately $1.8 billion. The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and approximately 200 million users worldwide.

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