CBS finishes CNET acquisition

By Terence Huynh on July 1st, 2008

CBS Corporation has finally finished their acquisition of CNET, bringing CNET.com, ZDNet, BNET, TechRepublic, GameSpot, GameFAQs, TV.com, Movietome, Chow, MP3.com, Search.com, Metacritic, UrbanBaby, MySimon and all of its international websites to the leadership of CBS Interactive.

CBS Interactive currently holds CBSNews.com, CBSSports.com, Last.fm, among other things – and has two video shows: WallStrip and Moblogic.

The acquisition, worth $1.8 billion, represented a 44.6% premium on May 16′s announcement. This is a huge coup for CBS, and given how many sites will be added to CBS Interactive – that’s a lot of websites, especially when you count all of the sites in Europe and Asia alone.

TechCrunch has some letters from Quincy Smith and Neil Ashe, who is now CBS Interactive President.

But, if you don’t like the acquisition – do come over here and read all of our news from now on.

Shorten URL

Comments and Pingbacks

There is currently zero comments. Why not have your say now.

Have Your Say

You can use these XHTML tags in your comments: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

All comments are checked to make sure they keep within our house rules. You might see your comment being on hold between 24-48 hours.

You can also create an avatar that will appear beside your comment whenever you leave one on a Gravatar-enabled blog.