CBS has agreed to purchase CNET Networks for $1.8 Billion, making it one of the 10 most popular internet companies in the world with over 54 million unique visitors per month.

CNET; a leading provider of entertainment, news and information sites; currently controls a number of popular destinations including CNET.com, ZDNet.com, BNET.com, GameSpot.com, GameFAQs.com, TV.com, mp3.com, UrbanBaby.com, CHOW.com, Search.com, MySimon.com and TechRepublic.com.

The deal was unanimously approved by CNET’s board and is expected to be completed by the end of the third quarter. [via News.com, DirectNavigation, and Yahoo]

Share

For those of you who haven’t heard about it already, Sen. Ted Stevens is proposing the Anti-Phishing Consumer Protection Act of 2008 (APCPA), which is also being supported by CADNA. We were first alerted to this topic by Michael Berkens’ post on The Domains. A recent article by Larry Fischer points out these are the reasons why this act is a bad idea:

1. There are already laws against Phishing.
2. This act makes whois-privacy illegal.
3. The bill would also allow businesses to take over generic domains if they match their business name.

[via The Domains, Direct Navigation, CNET]

Share