
Via Search Engine Journal:
CBS is making a major Internet and news powerplay, acquiring CNET for $11.50 per share (44% more than CNET is trading at) for a total of $1.8 Billion. Acquiring CNET and its $406 million per year in revenue is a big and bold move by CBS, which was the original parent company of iWon Search (now an IAC company) when it launched.
Read more here.













Great acquisition for CBS. Whoever the business people in that organization deserve my appreciation.