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May 15, 2008, 03:58 PM
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#1 |
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Moderator
Join Date: Apr 2004
Posts: 34,894
Rep Power: 109
 
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CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium
CBS is acquiring CNET for $1.8 billion in cash. The purchase price comes to $11.50 per share, representing a 44.6 percent premium over last night’s closing price of $7.95. This is that big acquisition we’ve been waiting for from Quincy Smith’s CBS Interactive, and from CNET’s perspective, this avoids the proxy drama with Jana— it appears that this represents a nice profit for them, but the firm, we’re told, has no comment yet, and is looking into it. The deal was approved unanimously by the CNET board and is expected to close in Q3.
_______________ Source: PaidContent.org |
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May 15, 2008, 05:25 PM
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#2 |
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DH's Dormant Dragon
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holy crap
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May 15, 2008, 07:17 PM
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DH's Asteroids' Dominator
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Oh no! what a tragedy!
What if they stop all those great hardware view reviews at cnet? You know the "it looks cool, 9/10 !!!!!!11111!!1!1111!!!" I wonder if Gamespot will lose its independence and stop being a beacon of light and sole fighter against paid by publishers reviews. |
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