CBS' CNet Purchase Good To Go
June 10, 2008 at 4:31 PM (PT)
The DEPT. OF JUSTICE has signed off on CBS' acquisition of website operator CNET NETWORKS INC. The tender offer to buy all of cnET's outstanding shares for $11.50 per share is set to expire at midnight EST on JUNE 20th, unless the offer is extended.
SAN FRANCISCO-based CNET provides technology, food and entertainment information through its CNET.COM website and other consumer information sites.