Can CBS Phoenix CNET For $1.8 Billion?
After much speculation as to where CNET would end up - they’ve landed in the lap of CBS.
CBS Corp will acquire CNET Networks in a transaction valued at $1.8 Billion. As a result they’ll have access to a greatly enhanced online footprint.
I expect this deal to receive a lacklustre response. CBS will need to do a lot to revive user excitement in CNET.
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