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CBS to buy CNET Networks (Margaret Kane/CNET News.com)

May 15th, 2008 by

Margaret Kane / CNET News.com:

CBS to buy CNET Networks  —  CBS has agreed to acquire CNET Networks in a deal valued at $1.8 billion, the companies said Thursday.  —  The purchase price comes to $11.50 per share, representing a 44 percent premium over Wednesday’s closing price of $7.95.

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