CBS finishes CNET acquisition

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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.

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