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CBS Offers to Buy CNet

Posted Thu, May 15, 2008 by Ram

1.8 Billion Offered

Let's make it an even 2 billion and throw in a hot pastrami on rye. Then we can talk.

NEW YORK (AP) -- 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.

CNet is known for technology reviews, news and advice but has also expanded into entertainment areas with a stable of sites that includes ZDNet, GameSpot.com, TV.com, mp3.com. It also owns the highly valuable Internet domain name News.com.

To read more, please visit Associated Press.


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