Log in
Register
Menu
Log in
Register
Home
What's new
Latest activity
Authors
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Miscellaneous Sections
Tech Head - The Technology Section
Tech News feeds.
CBS to pay $1.8 bn for CNET Networks
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="The Feedster" data-source="post: 516508" data-attributes="member: 259515"><p>CBS had agreed to buy CNET Networks and its raft of sites in a deal valued at $1.8 billion ($900 million) the companies have confirmed.</p><p>The deal, which includes internet sites CNET, ZDNet, Gamespot. Mp3.com and CNET News.com, saw CBS pay $11.50 a share – a significant premium on the $7.50 share price on Wednesday.</p><p>The deal brings CBS a huge platform of internet users catapulting them into the top 10 in the US – and giving them access to an audience of some 200 million.</p><p><strong>Third quarter</strong></p><p>The deal has apparently been ‘unilaterally agreed by CNET’s board’ according to the company’s news site and will be completed in the third quarter.</p><p>CBS is one of the biggest television and radio networks in the US, where it is responsible for the likes of CSI and NCIS.</p><p>CNet Networks does have UK presence, but no announcement has been made as to how this deal will affect it.</p><p></p><p></p><p><a href="http://www.techradar.com/news/internet/cbs-to-pay-18-bn-for-cnet-networks-369135" target="_blank">More...</a></p></blockquote><p></p>
[QUOTE="The Feedster, post: 516508, member: 259515"] CBS had agreed to buy CNET Networks and its raft of sites in a deal valued at $1.8 billion ($900 million) the companies have confirmed. The deal, which includes internet sites CNET, ZDNet, Gamespot. Mp3.com and CNET News.com, saw CBS pay $11.50 a share – a significant premium on the $7.50 share price on Wednesday. The deal brings CBS a huge platform of internet users catapulting them into the top 10 in the US – and giving them access to an audience of some 200 million. [B]Third quarter[/B] The deal has apparently been ‘unilaterally agreed by CNET’s board’ according to the company’s news site and will be completed in the third quarter. CBS is one of the biggest television and radio networks in the US, where it is responsible for the likes of CSI and NCIS. CNet Networks does have UK presence, but no announcement has been made as to how this deal will affect it. [url=http://www.techradar.com/news/internet/cbs-to-pay-18-bn-for-cnet-networks-369135]More...[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Miscellaneous Sections
Tech Head - The Technology Section
Tech News feeds.
CBS to pay $1.8 bn for CNET Networks
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top