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CBS in $1.8B deal for online news, info site CNet - Read More

Date Added: May 15, 2008 08:52:03 PM
Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet, the companies announced Thursday. The price of $11.50 per share for CNet represents a massive premium of 45 percent over CNet's closing stock price on Wednesday, and appears to get CNet out of a nasty ...

Category: News & Media


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