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| VIEW EVENT INFORMATION: CBS |
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CBS To Acquire CNET For $1.8 Billion |
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About the organization CBS:
Type: Business
Sub-Types: TV Channel, Radio Channel, Cable TV Chanel, Cable Radio Channel, Satellite Radio Channel, Satellite TV Channel, Website, Online News |
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Notable Organizations: CBS, Techcrunch
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“The core businesses of CNET Networks and CBS Interactive represent near perfect category symmetry in premium online content,”
Quincy Smith, President, CBS Interactive.
And that symmetry is apparently worth about $1.8 billion, which is what CBS just agreed to pay for CNET. The deals values CNET at $11.50/share, and puts a 45% premium on stock from their closing price yesterday. |
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