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CBS Acquires CNET Networks for $1.8 Billion

Posted by timothy on from the aggregation-to-the-nth-degree dept.

An anonymous reader writes "According to an announcement made today by Neil Ashe, CEO of CNET Networks, CBS has acquired CNET Networks. "Today, CNET Networks announced that it has been acquired by US media company CBS, in a deal valued at $1.8bn. The agreement represents an important strategic step for both companies and should be completed by the third quarter of 2008." So guess we'll be seeing The Late Show with Dan Ackerman, Molly Wood in Hollywood and CSISpot." If you'd like to read about it someplace other than CNet, Ian Lamont contributes a link to coverage at The Standard. It seems reasonable to ask how much longer they'll let news.com remain an IT-centric site.

2 of 100 comments (clear)

  1. news.com domain valuation ... by xmas2003 · · Score: 4, Interesting

    I wonder if there was internal discussions in the buyout about how much the domain news.com was worth as I can certainly see that being attractive to CBS.

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  2. TV.com by Roblimo · · Score: 3, Interesting

    CNet also owns TV.com -- surely that domain name, too, is of value to CBS.