News: CBS purchases CNet for $1.8 billion

CBS Corporation has entered an agreement to purchase CNet Networks - the web publisher of ZDNet and gamespot.com, among others - for USD 1.8 billion. The offer, valued at USD 11.50 per share, represents a 45 per cent premium on CNet's most recent closing price. "The core businesses of CNET... [read full story]                    

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