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May 15th, 2008

We've been acquired: CBS buys CNET

Posted by Larry Dignan @ 4:33 am

Categories: General, Web Technology

Tags: CBS Broadcasting Inc., Internet, Mergers & Acquisitions, Corporate Law, Investment, Financial Services, Development Tools, Finance, Business Operations, Software Development

Nothing like scanning the headlines and finding out your parent company has been acquired.

CBS Corporation To Acquire CNET Networks, Inc.

The details: “Under the terms of the agreement, CBS will make a cash tender offer for all issued and outstanding shares of CNET Networks for $11.50 per share, representing an equity value of approximately $1.8 billion. The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and approximately 200 million users worldwide.”

I don’t have a whole lot to say on the matter except for:

  • Wow.
  • Will my CBS Sportsline fantasy football account be comped?

You can read the statement for yourself. Back to our regularly scheduled programming.

See Silicon Alley Insider and PaidContent.org for more.

 

Larry DignanLarry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.

For daily updates, follow Larry on Twitter.

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  • Talkback
  • Most Recent of 149 Talkback(s)
RE: We've been acquired: CBS buys CNET
I really hope CBSi can improve the current situation of CNI's owned sites. I will try to watch those sites for 120 days and i hope i can get some information after.

http://www.resourcesandmoney.blogspot.com... (Read the rest)
Posted by: cipals15@... Posted on: 08/20/08 You are currently: a Guest | | Terms of Use
There goes all tech news...  phake | 05/15/08
Clinton Broadcast System  aa8vs | 05/15/08
Clinton  majoritywhip | 05/15/08
I thought it was "See B.S."!  kurtpochert | 05/17/08
That makes sense now  aka_tripleB@... | 05/15/08
Gee, you just NOW realized Viacom=CBS?  jlafitte | 05/15/08
RE: We've been acquired: CBS buys CNET  geek49203_z | 05/15/08
Does this include BYTE  alpyne2@... | 05/15/08
Hmmm... paging Mr. Murdoch....  jlafitte | 05/15/08
While you're at it...  timd@... | 05/15/08
I hope nothing here changes  hatster | 05/15/08
Same here...  JCitizen | 05/15/08
not to worry, I think  GDF | 05/15/08
RE: We've been acquired: CBS buys CNET  lipl1 | 05/15/08
RE: We've been acquired: CBS buys CNET  marketmaven | 05/15/08
Agreement!!!!  BobH2 | 05/15/08
Amen-to the third power! ......(NT)  JCitizen | 05/15/08
Monolith  bart001fr | 05/15/08
Wishful thinking  Obsidian the Dharkstone | 05/15/08
One World Business Plan  button56@... | 05/15/08
Oops...  button56@... | 05/15/08
RE: We've been acquired: CBS buys CNET  ppmartin | 05/15/08
RE: We've been acquired: CBS buys CNET  abhisheksrivastava3@... | 05/15/08
Improve? Doubtfull!.....(NT)  JCitizen | 05/15/08
RE: We've been acquired: CBS buys CNET  criley@... | 05/15/08
RE: We've been acquired: CBS buys CNET  shine40@... | 05/15/08
RE: We've been acquired: CBS buys CNET  jackie40d@... | 05/15/08
IF they try meddling too much...  JCitizen | 05/15/08
RE: We've been acquired: CBS buys CNET  jhurst747 | 05/15/08
RE: We've been acquired: CBS buys CNET  dsoteros@... | 05/15/08
Good one!....(NT)  JCitizen | 05/15/08
RE: We've been acquired: CBS buys CNET  rebeccal@... | 05/15/08
RE: We've been acquired: CBS buys CNET  donl@... | 05/15/08
RE: We've been acquired: CBS buys CNET  parone@... | 05/15/08
OK, great, but...  D. T. Schmitz | 05/15/08
I second that!  JCitizen | 05/15/08
Geoge Ou  elderlybloke | 05/15/08
Thanks  macrocosm@... | 05/15/08
RE: So long, objective tech news  Mr_Wizard | 05/15/08
You are so right....  EBathory | 05/15/08
So long objective tech news  tugboat_john | 05/15/08
I Should Have Known  Stoshie | 05/15/08
Six months?? A YEAR???!!!  button56@... | 05/15/08
I don't understand the geek angst here  coffeeshark | 05/15/08
Hmmm...  button56@... | 05/15/08
Don't Blame All Geeks!  Stoshie | 05/15/08
Sure, Just look at how hard CBS investigated Rathergate...  jlafitte | 05/15/08
I Can't Tell...  Stoshie | 05/15/08
Rathergate?  elderlybloke | 05/15/08
CBS and Objectivity?  gregoryk@... | 05/15/08
...avoid our overheated ideological arguments - please!  jlafitte | 05/15/08
Are You Guys Afraid of the Whole Story?  Stoshie | 05/20/08
ZDNet - CBS's billboard on the Web  jlafitte | 05/15/08
Re: CBS roadside Billboards  bart001fr | 06/10/08
RE: We've been acquired: CBS buys CNET  alombardojr@... | 05/15/08
RE: We've been acquired: CBS buys CNET  seannj427 | 05/15/08
RE: We've been acquired: CBS buys CNET  pingiotti@... | 05/15/08
RE: We've been acquired: CBS buys CNET  wammac@... | 05/15/08
well, the formula DOES support your theory...  jlafitte | 05/16/08
You've been acquired: WOW!  bsaunders43 | 05/15/08
RE: We've been acquired: CBS buys CNET  grizzlyjr | 05/15/08
My plan is simple  Larry DignanZDNet Moderator | 05/15/08
Waht abotu Yahoo being taken over by Ichan?  No_Ax_to_Grind | 05/15/08
RE: We've been acquired: CBS buys CNET  banyarola | 05/15/08
RE: We've been acquired: CBS buys CNET  jbjtkbw00 | 05/15/08
But that show is funny!  Loverock Davidson | 05/15/08
RE: We've been acquired: CBS buys CNET  piasuzi@... | 05/15/08
CBS = refuse  srobtjones@... | 05/15/08
RE: We've been acquired: CBS buys CNET  Vladilyich | 05/15/08
There goes FREEdom  Karras | 05/15/08
RE: We've been acquired: CBS buys CNET  Loverock Davidson | 05/15/08
Feeling the Loverock  Larry DignanZDNet Moderator | 05/15/08
Hah, thats funny! happy (NT)  Loverock Davidson | 05/15/08
Worlds with nothing in common  AnonyMouse777 | 05/15/08
RE: We've been acquired: CBS buys CNET  Powderperson | 05/15/08
Can't Wait for the Bill and Hillary Screensavers  John-D | 05/15/08
RE: We've been acquired: CBS buys CNET  ssearight | 05/15/08
RE: We've been acquired: CBS buys CNET  jnicita1970 | 05/15/08
RE: We've been acquired: CBS buys CNET  Hameiri | 05/15/08
Another acquisition threatens to detroy what you own  royalef | 05/15/08
RE: We've been acquired: CBS buys CNET  wls | 05/15/08
RE: We've been acquired: CBS buys CNET  1927PB | 05/15/08
Never compromise ...  DuhGreek | 05/15/08
RE: We've been acquired: CBS buys CNET  jafucci@... | 05/15/08
RE: We've been acquired: CBS buys CNET  marks055@... | 05/15/08
Good.  James T. Kirk | 05/15/08
The love in this thread  Larry DignanZDNet Moderator | 05/15/08
HA! laugh  JCitizen | 05/15/08
Wait a minute....  James T. Kirk | 05/15/08
It's Dev resources  Larry DignanZDNet Moderator | 05/15/08
Yes, but it still requires javascript for no good reason...  LazLong | 05/15/08
That was nice, and overdue  klumper | 05/15/08
My-My John; such disparaging remarks!  JCitizen | 05/15/08
I hope that Larry and guys like him..  JCitizen | 05/15/08
No one skews us  Larry DignanZDNet Moderator | 05/15/08
Be sure and let us know so we can...  JCitizen | 05/15/08
No on skews us  El Condor | 05/15/08
Ed Bott will anchor the CBS Evening News  cnfrisch | 05/15/08
Is interesting  John L. Ries | 05/15/08
I have a radio face  Larry DignanZDNet Moderator | 05/15/08
RE: We've been acquired: CBS buys CNET  mwagner@... | 05/15/08
Keep us advised on the inside poop...  JCitizen | 05/15/08
Growth through acquisition often cripples an organization  Ole Man | 05/15/08
Relax and keep doing your work  Ken_z | 05/15/08
Hello tech fiction  zdnet@... | 05/15/08
RE: We've been acquired  jrbales@... | 05/15/08
Ouch  BigDragon | 05/15/08
RE: We've been acquired: CBS buys CNET  vulpine@... | 05/15/08
RE: We've been acquired: CBS buys CNET  raymarc001 | 05/15/08
RE: We've been acquired: CBS buys CNET  klonridg@... | 05/15/08
WE WILL ALL GO AWAY IF CBS DUMBS IT DOWN!  rmcguire@... | 05/15/08
TOO LATE!  Narg | 05/15/08
RE: We've been acquired: CBS buys CNET  button56@... | 05/15/08
I've always found this to be true:  D. T. Schmitz | 05/15/08
Agree...  Tim Patterson | 05/15/08
RE: We've been acquired: CBS buys CNET  starkey97@... | 05/15/08
Can't wait for the iWon.com merger  ejhonda | 05/15/08
It's all about the money...  RS9 | 05/15/08
RE: We've been acquired: CBS buys CNET  El Condor | 05/15/08
We've been aquired:  El Condor | 05/15/08
RE: We've been acquired: CBS buys CNET  maldain | 05/15/08
RE: We've been acquired: CBS buys CNET  cepedajoe@... | 05/15/08
RE: We've been acquired: CBS buys CNET  robsida@... | 05/15/08
For sale to the highest bidder,,,,, a familiar refrain.....  Ole Man | 05/15/08
So thse stock options may finally pay out?  No_Ax_to_Grind | 05/15/08
RE: We've been acquired: CBS buys CNET  briana.delaney@... | 05/15/08
AARGH  davejyd@... | 05/15/08
As if cNet has been a bastion of journalistic integrity...  superbus | 05/15/08
Oh, yeah - THAT explain it!!!  davejyd@... | 05/15/08
RE: We've been acquired: CBS buys CNET  The_Quietman | 05/15/08
RE: We've been acquired: CBS buys CNET  chipbeef | 05/15/08
RE: We've been acquired: CBS buys CNET  miwi98 | 05/15/08
RE: We've been acquired: CBS buys CNET  BillGates_z | 05/15/08
RE: We've been acquired: CBS buys CNET  BillGates_z | 05/15/08
RE: We've been acquired: CBS buys CNET  phamiltonsmith | 05/15/08
RE: We've been acquired: CBS buys CNET  attywhalen@... | 05/15/08
RE: We've been acquired: CBS buys CNET  stageacter@... | 05/15/08
RE: We've been acquired: CBS buys CNET  SEReickart | 05/15/08
RE: Cheers to your Success and this business model."  rtirman37@... | 05/16/08
Top 10 Tech List  John Sheesley - TechRepublic Pro | 05/16/08
There goes what's left of objectivity!  NBSF | 05/16/08
RE: We've been acquired: CBS buys CNET  qafrost | 05/16/08
RE: We've been acquired: CBS buys CNET  eye4bear | 05/17/08
Ah, so that explains it  Vesicant | 05/17/08
RE: We've been acquired: CBS buys CNET  De Nada | 05/18/08
RE: We've been acquired: CBS buys CNET  gourddancer1@... | 05/20/08
RE: We've been acquired: CBS buys CNET  kyhillbilly | 06/04/08
RE: We've been acquired: CBS buys CNET  sidgib@... | 06/13/08
RE: We've been acquired: CBS buys CNET  cipals15@... | 08/20/08

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