CBS to buy CNET for $1.8B

05/15/2008 | · Google

CBS announced it is acquiring online news and product review network CNET for $1.8 billion, or $11.50 per share. Shares in CNET closed last night at $7.95. Quincy Smith, president of CBS Interactive, said in a statement, "The core businesses of CNET Networks and CBS Interactive represent near perfect category symmetry in premium online content."

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