NEW YORK (AP) -- Media and entertainment company CBS Corp. is buying CNet Networks Inc., an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet, the companies announced Thursday.
The price of $11.50 per share for CNet represents a massive premium of 45 percent over CNet's closing stock price on Wednesday.
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Submitted by BizTech 7 months 3 weeks ago
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