55BBS was a Chinese lifestyle shopping website founded in 2004. It was acquired by CNET in 2008.
CNET (NSDQ: CNET) Networks, in the process of being bought by CBS Corp (NYSE: CBS). is buying Beijing-based 55BBS, a lifestyle and shopping website, for an undisclosed sum. This comes amidst rumors about CNET rethinking its Chinese portfolio, and possibly even disposing it off as part of the CBS transaction.
55BBS.com expired and closed at $70,050 on DropCatch on Sunday.
Majestic Trust flow of 16 – Citation flow of 9.
It will be interesting to see if we see a repeat of what happened with Tema.com. No pay, and a re-auction.