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05|15|2008 12:00 pm EDT

CBS Set to Buy CNET for $1.8 Billion

by Chad Kettner in Categories: Up to the Minute

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,,,,,,,,,, and

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

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1 Comment

Bob Lange

May 18, 2008 @ 3:25 am EDT

I wish I had the spare $1.8 Billion to purchase cnet, looks like a good deal to me they own many premium domains and sites.

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