CBS Set to Buy CNET for $1.8 Billion
CBS has agreed to purchase CNET Networks for $1.8 Billion, making it one of the 10 most popular internet companies in the world with over 54 million unique visitors per month.
CNET; a leading provider of entertainment, news and information sites; currently controls a number of popular destinations including CNET.com, ZDNet.com, BNET.com, GameSpot.com, GameFAQs.com, TV.com, mp3.com, UrbanBaby.com, CHOW.com, Search.com, MySimon.com and TechRepublic.com.
The deal was unanimously approved by CNET’s board and is expected to be completed by the end of the third quarter. [via News.com, DirectNavigation, and Yahoo]
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