CNET shares up after Google rumour

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Shares in CNET Networks, a media company which is battling a bid from some board members looking to extend the number, rose up 7 percent after a rumour that Google might buy a stake in the company.

Google officials have declined to comment, and a CNET spokeswoman was not available.

Shares closed on CNET’s year-high of $9.88, rising 5.2 percent.

If Google buys a stake into the company, will it risk the already battered editorial integrity of CNET and won’t be biased to Google products? Does this also mean the closure of CNET’s search engine, search.com?

CNET is currently fighting off a battle between hedge fund JANA Partners, who is trying to buy the company via extending the board member numbers to accept the current proposal. CNET has rejected its proposal.

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