CNET is being acquired by CBS for $1.8 billion in cash. The purchase price is a 44.6 percent premium over last night’s closing price of $7.95. CBS CEO Les Moonves said “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, More»

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