IT News & Technology update

CBS buy CNET Networks

CBS Corporation, today was succeeded an agreement for the purchase of CNET Networks, one of the 10 most popular Internet companies from the United States. After the acquisition of CNET Networks for about 1.8 billion U.S. dollars, have access to a combined 54 million visitors per month.

His, one of the main radio and television stations in the United States, CBS said that this is a unique opportunity, they may waste. Leslie Moonves, CEO of CBS said that the SCB, the premium content and scope, CNET Networks and a platform for additional expansion of our entertainment, news, sports, music and the content of the information to a whole new audience worldwide ". CBS will move to work with the CNET Networks team to improve their "exhibition with the strongest growth of the advertising initiatives." The headline for the media company also wanted to show the enthusiasm to work on the side of the management team CNET Networks.

CNET Networks is the holder of a number of websites, such as: CNET, ZDNet, GameSpot.com, TV.com, mp3.com, CNET news.com. All sites have a combined Internet companies had a turnover of $ 406 million, which they are among the 10 largest Internet companies in the United States. All locations should have been completed, but not until they are combined with the CSB his own net on the Internet.

CBS stretch of websites includes CBS.com, CBSSports.com, CBSCollegeSports.com, MaxPreps.com, CBSNews.com, last.fm, Wall trip, MobLogic, CBS Radio and CBS Television Stations platforms for digital media. This network will cooperate with the development of CNET's own portfolio, what the CBS one of the largest companies in the media from around the world.

The Board of CNET Networks had unanimously approved a merger with CBS, which is expected in the third quarter of this year.

No Comment | Posted in » News