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| CBS-CNET: CBS Will Own TV.com, Radio.com, MP3.com and News.com (CBS News) |
| CNET (NSDQ: CNET) Networks comes with a lot of assets, among them some of the best domains you couldn't buy without acquiring a company. When the dust settles, CBS (NYSE: CBS) will own Radio.com, now just a way to search for online radio stations but sure to be worked in with CBS Radio; TV.com, which has been revamped but can be much more; News.com, which is now the home of CNET News; and ... |
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| CBS Mounts Online Offensive With Cnet Acquisition (E-Commerce Times) |
| In a move to amplify its online exposure and capitalize on the burgeoning Internet advertising market, CBS has agreed to purchase Cnet Networks for approximately $1.8 billion. The television and radio giant will combine Cnet's assets with its national and local interactive businesses, enlarging its user base to about 200 million. |
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| CBS in $1.8B deal for online news, info site CNet (Washington Post) |
| NEW YORK -- CBS Corp. is acquiring a big online reach with its acquisition of CNet Networks Inc. but also a company that's faced heavy criticism from investors. Those concerns as well as the hefty $1.8 billion price tag helped send CBS's shares down after the deal was announced Thursday. |
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