BREAKING: CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium
BREAKING: CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium
— CBS (NYSE: CBS) is acquiring CNET (NSDQ: CNET) for $1.8 billion in
cash. The purchase price comes to $11.50 per share, representing a
44.6 percent premium over last night's closing price of $7.95.
RELATED:
PR Newswire:
CBS Corporation To Acquire CNET Networks, Inc.
— CBS to Become a Top Ten U.S. Internet Company with Unparalleled
Content and Reach, Boasting Approximately 200 Million Monthly Unique
Users Worldwide — CNET Networks' CNET, ZDNet, GameSpot.com, TV.com,
CNET News, UrbanBaby, BNET …
Peter Kafka / Silicon Alley Insider:
CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive Revenues By 2010
— CBS will pay $11.50 a share for CNET. The all-cash deal represents
a premium of 44% above the $7.95 CNET closed at yesterday. Will it be
enough to satisfy JANA et al?
Discussion:
paidContent.org, HipMojo.com, The Boy Genius Report, MarketingVOX, Smalltalk Tidbits …, innonate and Tech Ticker
Margaret Kane / CNET News.com:
CBS to buy CNET Networks
— CBS has agreed to acquire CNET Networks in a deal valued at $1.8
billion, the companies said Thursday. — The purchase price comes to
$11.50 per share, representing a 44 percent premium over Wednesday's
closing price of $7.95.
Discussion:
Download Squad, MediaFile, paidContent.org, Screenwerk, SEO and Tech Daily, My Blog Posts, Windows Connected, jkOnTheRun and Mobility Site
Staci D. Kramer / paidContent.org: CBS-CNET: Interview: Leslie Moonves, CEO, CBS: 'Right Opportunity … NEW!
Allen Stern / CenterNetworks: Live Reporting: CBS/CNET Acquisition Call
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