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.
Headline should read: “CBS Acquires Online Network CNET & and Super Premium Domain Portfolio”
🙂
Ed
There you go
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?
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???
Conceptualist did a cool image display of the brands. Thanks Sahar.