CBS Acquires Online Network CNET & and Super Premium Domain Portfolio

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In the second major Internet acquisition of the day, CBS Corp. agreed to buy online technology news and entertainment company CNet Networks Inc. for about $1.75 billion or $11.50 per share.

The bid is a 45 percent premium above CNet’s closing price of $7.95 on Wednesday.

CNET’s sites include News.com, TV.com, Mp3.com, MySimon.com and GameSpot.cm

The acquisition, would make CBS one of the 10 most popular Internet companies in the U.S., with 54 million unique visitors a month and approximately 200 million uses worldwide, including it’s own online properties, including CBS.com, CBSSports.com and CBSNews.com.

The transaction is subject to approval by CNet shareholders and regulators.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. Ed says

    Headline should read: “CBS Acquires Online Network CNET & and Super Premium Domain Portfolio”

    🙂

  3. Ed says

    I’m looking forward to seeing the CBS annual report upon acquisition. One of you should contact CBS’s investment bank and offer them your domain valuation expertise?

  4. Greg Nelson says

    anyone know the entire domain holdings…I used to know more when I worked at Gateway and it is impressive. In addition to those already mentioned…

    download.com
    com.com
    shopper.com
    search.com
    help.com
    chow.com

    bnet.com is their business network
    cnet.com obviously

    others???