Arun's Blog

By Arun, 1 month and 20 days ago

CBS to buy CNet

CBS
Corporation has entered into an agreement to acquire
CNET Networks, Inc. CBS will make a cash tender offer 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. CBSNet?

Source: Yahoo News.

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