[Xbox] Re: CBS to buy GameSpot, rest of CNet for $1.8b in cash

After the 60 Minutes fiascos, I thought CBS was in real trouble. If
that didn't do it, maybe this mistake will. Gamespot used to be an ok
site. We'll see what it's like after the suits at CBS get done with it.

--- In Xbox@yahoogroups.com, "Nelson Pacheco" <nelson@...> wrote:
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> http://feeds.joystiq.com/~r/weblogsinc/joystiq/~3/290976869/

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> Filed under: Business
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> CBS will pay $1.8 billion in cash to become the proud parent of CNet
and its spawn GameSpot in a deal that's expected to close in the third
quarter pending shareholder and regulatory approval. The acquisition
values the company at $11.50 per share, a 45% premium over CNet's
closing stock price on Wednesday, reports the Associated Press.
Sheesh! Well, CBS, you've just been robbed "welcome to the internets"
... but as The Washington Post puts it, you've certainly got your work
cut out for you not to become known as "CNet Buy Sunk." Read |
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