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CBS pays $1.8bn for web network

guardian.co.uk » 2008 » May » 16th » CBS pays $1.8bn for web network

Tagged: technology, world news, internet, digital media, media, television, united states, media business

CBS is to acquire CNET Networks, which owns websites including GameSpot.com and ZDNet, in a cash deal worth $1.8bn (£927m). The US broadcaster, which bought UK digital music recommendations service Last.fm last May for $280m, said the CNET acquisition would transform it into one of the 10 most popular internet companies in the US, with 54 million monthly unique users. Globally, CNET will boost … Continue Reading »

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