“CBS said Thursday it would buy CNET Networks for $1.8 billion in cash, marking its biggest online acquisition since hiring Quincy Smith, a former media and technology investment banker, to lead its interactive unit in late 2006. The deal came as CNET, whose assets include a popular technology-news Web site, was trying to fend off a group of activist investors seeking to take control of its board of directors.” [Link]
C|Net
0 Responses to “CBS Buys CNET For $1.8 Billion”
Leave a Reply