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CBS Buys CNET for $1.8B … JANA’s Mum

Written on: May 15th 2008
Author: Kathleen

ADOTAS – In a bid to expand its presence online and garner $1 billion in interactive revenue by 2010, CBS Corp. announced that it bought CNET in an all-cash $1.8 billion deal, amounting to roughly $11.50 a share (CNET closed at $7.95 a share last night, representing a 45% premium). Though [...] more...

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