Overclock.net › Forums › Industry News › Software News › [TcMag] CBS to buy CNET Networks for $1.8 billion
New Posts  All Forums:Forum Nav:

[TcMag] CBS to buy CNET Networks for $1.8 billion

post #1 of 5
Thread Starter 
Quote:
Corporation has decided to spike the punch and announced that it will be buying CNET Networks. As agreed on, CBS will pay $11.50 in cash money per every CNET share, resulting in a deal reaching a $1.8 billion value.

"There are very few opportunities to acquire a profitable, growing, well-managed Internet company like CNET Networks," said Moonves. "CBS stands for premium content and unparalleled reach, and CNET Networks will add a tremendous platform to extend our complementary entertainment, news, sports, music and information content to a whole new global audience. Together, CBS and CNET Networks will have significant additional exposure to the fastest- growing advertising sector and can accelerate our growth through a number of new content, promotion and advertising initiatives."

Following the closing of the deal, expected for Q3 CBS will be able to brag with an enhanced web portfolio that includes CNET.com, MP3.com, Gamespot.com, TV.com and more.
Source
The Kandalf
(16 items)
 
  
CPUMotherboardGraphicsGraphics
I7 5820K MSI X99S Gaming 7 ASUS R9 280X TOP Crossfire X ASUS R9 280X TOP Crossfire X 
RAMHard DriveOptical DriveOS
Crucial DDR4 2133MHz 8GB (2x4GB) Samsung SpinPoint F1 1TB HP DVD630 Ubuntu 
MonitorKeyboardPowerCase
2x Philips Brilliance 220CW Microsoft Wireless Desktop Elite Keyboard Fractal Design Newton R3, 800W 80+ Platinum Corsair 900D 
MouseMouse PadAudioAudio
Mionix Naos 8200 Razer Pro Solutions Arcam rDAC B&W CM1 
  hide details  
Reply
The Kandalf
(16 items)
 
  
CPUMotherboardGraphicsGraphics
I7 5820K MSI X99S Gaming 7 ASUS R9 280X TOP Crossfire X ASUS R9 280X TOP Crossfire X 
RAMHard DriveOptical DriveOS
Crucial DDR4 2133MHz 8GB (2x4GB) Samsung SpinPoint F1 1TB HP DVD630 Ubuntu 
MonitorKeyboardPowerCase
2x Philips Brilliance 220CW Microsoft Wireless Desktop Elite Keyboard Fractal Design Newton R3, 800W 80+ Platinum Corsair 900D 
MouseMouse PadAudioAudio
Mionix Naos 8200 Razer Pro Solutions Arcam rDAC B&W CM1 
  hide details  
Reply
post #2 of 5
WOOHOO Cnet will go downhill even faster now!

just like survivor....
Da Crushinator
(13 items)
 
  
CPUMotherboardGraphicsRAM
Q6600 2.4 Ghz Asus IPIBL-LB G33 Chipset Radeon HD 3650 **temporary** 8 GB PC2 6400 
Hard DriveOSMonitorKeyboard
640 GB Vista HP 64 Bit Samsung 223BW HP Keyboard 
MouseMouse Pad
Razer Copperhead Something from walmart with a tiger on it :D 
  hide details  
Reply
Da Crushinator
(13 items)
 
  
CPUMotherboardGraphicsRAM
Q6600 2.4 Ghz Asus IPIBL-LB G33 Chipset Radeon HD 3650 **temporary** 8 GB PC2 6400 
Hard DriveOSMonitorKeyboard
640 GB Vista HP 64 Bit Samsung 223BW HP Keyboard 
MouseMouse Pad
Razer Copperhead Something from walmart with a tiger on it :D 
  hide details  
Reply
post #3 of 5
Hope this doesn't affect content, I like cnets reviews.
My System
(15 items)
 
  
CPUMotherboardGraphicsRAM
Intel Core i5 3570k ASRock Z77 Extreme6 EVGA GTX 980ti Superclock 4x4GB Samsung 1600mhz 
Hard DriveHard DriveCoolingOS
Samsung SSD840 2xMaxtor 200gb RAID0 Customer water cooling with '77 Bonneville rad Windows 10 Professional 
MonitorKeyboardPowerCase
27" Korean 1440p Razor mechanical Corsair TH850W CM Stacker 810 
MouseMouse Pad
Razor Lachesis generic 
  hide details  
Reply
My System
(15 items)
 
  
CPUMotherboardGraphicsRAM
Intel Core i5 3570k ASRock Z77 Extreme6 EVGA GTX 980ti Superclock 4x4GB Samsung 1600mhz 
Hard DriveHard DriveCoolingOS
Samsung SSD840 2xMaxtor 200gb RAID0 Customer water cooling with '77 Bonneville rad Windows 10 Professional 
MonitorKeyboardPowerCase
27" Korean 1440p Razor mechanical Corsair TH850W CM Stacker 810 
MouseMouse Pad
Razor Lachesis generic 
  hide details  
Reply
post #4 of 5
Oh man. Goodbye Cnet. Tom & Molly please find another technology news outlet.
Blood
(13 items)
 
  
Reply
Blood
(13 items)
 
  
Reply
post #5 of 5
I'm no finance expert, but that seems like one hell of a deal. Figured CNET was worth more than 1.8bil.
Callisto
(13 items)
 
  
CPUMotherboardGraphicsRAM
2500K 4.7ghz @ 1.37v MSI P67A-GD65 EVGA GTX 680 Mushkin Enhanced Redline 8GB (2 x 4GB) DDR3 1866 
Hard DriveOSMonitorPower
Intel SSD 40GB; Seagate Cavier Green 1TB Scientific Linux 6.3/Windoze7 22" Samsung SyncMaster 2232BW Corsair TX850 
  hide details  
Reply
Callisto
(13 items)
 
  
CPUMotherboardGraphicsRAM
2500K 4.7ghz @ 1.37v MSI P67A-GD65 EVGA GTX 680 Mushkin Enhanced Redline 8GB (2 x 4GB) DDR3 1866 
Hard DriveOSMonitorPower
Intel SSD 40GB; Seagate Cavier Green 1TB Scientific Linux 6.3/Windoze7 22" Samsung SyncMaster 2232BW Corsair TX850 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Software News
Overclock.net › Forums › Industry News › Software News › [TcMag] CBS to buy CNET Networks for $1.8 billion