CNET Networks to be acquired by CBS
CNET UK
Today, CNET Networks announced that it has agreed to be acquired by US media company CBS, in a deal valued at $1.8bn. The agreement represents an important strategic step for both companies and should be completed by the third quarter of 2008.
CNET Networks operates a global network of sites that include consumer facing technology review sites, such as CNET.co.uk, CNET.com and SmartPlanet.com, business sites such as ZDNet and silicon.com and general entertainment sites such as TV.com and MP3.com. CBS owns one of the largest televisions stations in the US as well as major online brands such as LastFM and CBSSports.com.
The move should enable both companies to extend their reach, with CNET offering a way for CBS to access a large online audience and CNET being able to offer much of its high-quality video content via CBS broadcast media.
More information can be found in this press release.
More about News
- Apple 'niche player' in touchscreen phones September 11, 2008
- Obama in sex video shocker? Oh wait, it's just spam September 11, 2008
- Google project to bring Internet to 3 billion September 10, 2008
- No black holes from Large Hadron Collider, say scientists September 10, 2008
- Segway-riding MP Opik risks arrest September 10, 2008
6.6
7.9
- Play.com goes DRM-free with all major labels
- Crave Podcast 106: Calacanis talks haters, pr0n and crack
- Touchscreen Eee PC due next year, Asus promises
- Five ways the Japanese are technically better than us
- MSI Wind U120: Netbook rocks HSDPA
- Crave Live: Panasonic Lumix G1 video tour
- Hands-on with New Xbox Experience: Welcome to avatar city
- Samsung PS50A756 1080p plasma: Come on you Red Devils
- Photos: Panasonic Lumix DMC-G1 does lenses, but no video
- Fujitsu Siemens LifeBook S6420: Mullet makes a comeback
- You sleep at home, i-sleep at work on a laptop pillow
- SureFlap: I can has RFID tag pls?
- Video: BMW 7 Series boasts new iDrive
- Planet CNET Episode 19: Video tour of the giant Airbus A380
- Photos: Hands-on with the LG KP500
