A Good Match?
CBS has noticed the Internet. It is to pay $11.50 a share for CNET, which adds up to nearly $1.8bn, instantly turning it a big player in the tubes. Fortune says that’s a 44 percent premium over Wednesday’s closing price, which is basically them saying “Damn, this company is run terribly. Grab it!”
Continue reading… “CBS To Buy CNET For $1.75bn”
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