CBS’ CNET Purchase to Close Soon

Jun 26, 2008  •  Post A Comment

CBS’ tender offer for Web site CNET’s outstanding shares was completed Wednesday, with the $1.8 billion acquisition expected to close in “the next few business days,” Multichannel News reports. CNET will become a wholly owned, direct subsidiary of CBS upon completion of the merger, the newspaper notes.
—Vlada Gelman

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