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    15 May 2008

    CBS buys CNET

    Tags: CNET, CBS, blogs, acquisitions

    cbs cnet[image from Mashable]

    CNET Networks, the company behind CNET, ZDNet, GameSpot.com, TV.com, CNET News, UrbanBaby, BNET, CHOW and Search.com, have been acquired by media giant and oldie, CBS fir $1.8 billion.

    At first this would have sounded like a great big buy out that would rival Time Warner's acquisition of AOL or the possible merger of Yahoo and  Microsoft, or the Google acquisition of YouTube.  However, this comes as a diappointment to many people keeping tabs on the business side of CNET.

    Leslie Moonves, President and Chief Executive Officer at CBS Corporation, said this about the acquisition:

    “There are very few opportunities to acquire a profitable, growing, well-managed Internet company like CNET Networks. CBS stands for premium content and unparalleled reach, and CNET Networks will add a tremendous pla...more


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