CBS to Purchase CNet Networks for $1.75 billion (link inside)

I wonder if this will affect anything here at gamespot

http://www.msnbc.msn.com/id/24643793/

Quote from the article:

"CBS said the deal will boost its online presence and allow it to tap the rapidly expanding market for online advertising. CNet's Web sites include News.com, TV.com, Mp3.com, MySimon and GameSpot.

The acquisition, expected to close in the third quarter, would make CBS one of the 10 most popular Internet companies in the U.S., with 54 million unique visitors a month and approximately 200 million uses worldwide, the New York company said.

CBS said it will combine CNet's sites with its own online properties, including CBS.com, CBSSports.com and CBSNews.com."

Holy Mother of Bears!

:shock:

That's what I'm trying to discern from the article, it's pretty vague though is it suggests it will be abosrbed by cbs satellite sites but who knows

That's all CNet is worth?? :?musicalmac

I'm as disappointed as you are.

That's all CNet is worth?? :?musicalmac

youtube was like 1 year old before it was bought by GOOGLE (the juggernaut of corporations) for 2.5 billion-theCHUD-

Cnet(gamespot) has System Wars which lowers the value

[QUOTE="-theCHUD-"]youtube was like 1 year old before it was bought by GOOGLE (the juggernaut of corporations) for 2.5 billionkillerfist

Cnet(gamespot) has System Wars which lowers the value

good one

Cnet isn't worth as much as I thought then.:?

I wonder what happens to TV.com?

I wonder if this will sever the tie between GameSpot and GameFAQ's. I surely hope so because the shared boards are garbage.Bane_v2

Why would this sever the tie... they're both owned by CNet... :?Jandurin

[QUOTE="Jandurin"]Why would this sever the tie... they're both owned by CNet... :?Bane_v2

I'm surprised CNet is even worth that much. GodLovesDead

Off-topic forum ups the value;)

Katie Couric gives Spore an 8/10. Bio_Spark

rofl

As stated in the other thread, CBS actually bought stock at a 44% overpay in order to spike a rally (and thus earn a profit on their loss). This is happening, as shares are already up 43%.

This means that technically, CBS has already made about .25 billion back from the original deal.Pretty good.

youtube was like 1 year old before it was bought by GOOGLE (the juggernaut of corporations) for 2.5 billion-theCHUD-

and they're going to wait a while to see a return on that one.

Wow this is sad, Google paid more money for just youtube :? Cnet has like 20 sites and is worth almost nothing T_T.TanKLoveR

1.75 billion isn't that little for website you know. youtube, myspace and facebook just happened to have the most visitors but most sites won't fetch what they can.

[QUOTE="-theCHUD-"]youtube was like 1 year old before it was bought by GOOGLE (the juggernaut of corporations) for 2.5 billionOntain

and they're going to wait a while to see a return on that one.

yeah but google is definitely gonna make the money back. slowly but surely