CBS buys CNET for $1.8bn

16/05/2008

CBS is buying CNET Networks for $1.8bn (£0.91bn), writes Netimperative. The deal will propel CBS into the top 10 list of US websites with 54m unique monthly users and roughly global 200m users. CNET owns a stable of websites including ZDNet, GameSpot.com and TV.com. CBS is actively trying to grow its share of the online advertising market and expects the newly combined unit to reach revenues of $1bn (£508m) by 2010 or 2011.
Netimperative: http://www.netimperative.com, 16/05/2008
CNET: www.cnet.com

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