How I met your Download.com: CBS buys CNET

by Brad Linder May 15th 2008

CBS is buying CNET. For $1.8 billion in cash. While that might seem like a drop in the bucket compared to some buyout offers we've seen recently, that's still a lot of cash flowing from an old media company to a new one.

CBS is no stranger to new media. The company purchased the internet radio service Last.fm last year. But according to a press release put out by CBS this morning, this acquisition will make CBS "one of the 10 most popular Internet companies in the United States."

CNET Networks owns a whole slew of internet sites, including ZDNet, GameSpot, TV.com, MP3.com, Download.com, and of course, CNET and News.com.

[via Brian Alvey]

Tags: acquisition, cbs, cnet

Reader Comments (Page 1 of 1)

Todd said 9:37AM on 5-15-2008

Two elderly, out of touch, divorcées fall in love with each other and get married. Awwwwww. Sweet.

nana said 9:56AM on 5-15-2008

thats a big news for this morning

Adam said 2:15PM on 5-15-2008

How much you be news.com is the new CBSNews homepage...

tekman94 said 8:00PM on 5-15-2008

NO, NOT CNET. THIS CAN'T BE HAPPENING.

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