So here's a doozy of a deal: "CBS is acquiring CNET for $1.8 billion in cash. The purchase price comes to $11.50 per share, representing a 44.6 percent premium over last night’s closing price of $7.95. This is that big acquisition we’ve been waiting for from Quincy Smith’s CBS Interactive, and from CNET’s perspective, this avoids the proxy drama with Jana— it appears that this represents a nice profit for them, but the firm, we’re told, has no comment on yet, and is looking into it. The deal was approved unanimously by the CNET board and is expected to close in Q3. [...] Among the sites in the CNET family that will be part of CBS Interactive pending approval: CNET, ZDNet, GameSpot.com, TV.com, mp3.com, CNET news.com, UrbanBaby, CHOW, Search.com, BNET, MySimon and TechRepublic. The company has also been building out its China operations, with sites devoted to womens content and auto." Part of CNET's portfolio is also the domain name "com.com," which means Internet tools who accidentally type in two ".com's" at the end of a web address will send a few pennies CBS's way.

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