TechSheep

technology for the sheeple

CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive … (Peter Kafka/Silicon Alley Insider)

May 15th, 2008 by

Peter Kafka / Silicon Alley Insider:

CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive Revenues By 2010  —  CBS will pay $11.50 a share for CNET.  The all-cash deal represents a premium of 44% above the $7.95 CNET closed at yesterday.  Will it be enough to satisfy JANA et al?

Leave a Reply