CBS buys CNET

[domain54326]

http://dailybriefing.blogs.fortune.cnn.com/2008/05/15/cbs-buying-cnet-in-online-push/

 

[fab]

Wow, that's interesting. I don't remember such big non-Mainly internet companies, buying out internet companies.

 

[DomainMagnate]

wow, thanks for the news

 

[robmac]

yes cheers - i see theirs still plenty of money around

 

[Theo]

Huge news.

 

[hugegrowth]

Smart move, doesn't CNET own some top news domains?

 

[PRED]

Smart move, doesn't CNET own some top news domains?

You mean like: TV.com Radio.com News.com Download.com ........ ? :yes:

 

[DNB]

WOW, they own so many good domains
also com.com

 

[Kyric]

They also own chat.com which has over 40k daily type-ins.

 

[dominator]

CBS Corporation acquired CNET Networks for $1.8 billion.

In January 2000, CNET Networks acquired mySimon for $700 million.
In October 2000, CNET Networks acquired ZDNet for $1.6 billion.
It means in 2000 only, they spent $2.3 billion to acquire two companies.

:?:

 

[PRED]

CBS Corporation acquired CNET Networks for $1.8 billion.

In January 2000, CNET Networks acquired mySimon for $700 million.
In October 2000, CNET Networks acquired ZDNet for $1.6 billion.
It means in 2000 only, they spent $2.3 billion to acquire two companies.

:?:

 

[DNB]

CBS Corporation acquired CNET Networks for $1.8 billion.

In January 2000, CNET Networks acquired mySimon for $700 million.
In October 2000, CNET Networks acquired ZDNet for $1.6 billion.
It means in 2000 only, they spent $2.3 billion to acquire two companies.

:?:

but that was before "Dot Com bubble bursts"

 

[DDC_Cyn]

"a deal that will make CBS one of the top 10 Internet companies in the United States."

Didn't realize that the networks were interested in being a top Internet company. I wonder if this is simply diversity or is it all part of a large scheme to move forward with closing the loop between their TV shows and online users.

 

[domain54326]

"a deal that will make CBS one of the top 10 Internet companies in the United States."

Didn't realize that the networks were interested in being a top Internet company. I wonder if this is simply diversity or is it all part of a large scheme to move forward with closing the loop between their TV shows and online users.

CBS needed to make a move to be a online player. If they dont do it now it will cost them much more as time goes on.

5-10 years from now 1.8 B may look like a steal?

 

[ArjunDhawan]

You mean like: TV.com Radio.com News.com Download.com ........ ? :yes:

Oh my god!

I thought only Cnet.com and Download.com was them :?:

TV and Radio too ?

 

[sashas]

Weird...

Bebo.com sells for 850 million USD, all cash.

While one of the oldest and most recognizable names on the internet gets sold for just 1.8 billion? Their domain portfolio alone is worth several million dollars...

 

[ARMG]

Weird...

Bebo.com sells for 850 million USD, all cash.

While one of the oldest and most recognizable names on the internet gets sold for just 1.8 billion? Their domain portfolio alone is worth several million dollars...

Very weird indeed. Web 2.0 is feeding a new bubble, and Facebook is now valued at 15 billion dollars :uhoh: now that's ridiculous...

 

[DNB]

so they got a $1.8 billion bargain

 

[mattbodis]

Don't forget, they also own Search.com.

 

[-ET-]

A bargain deal.