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CBS Shells Out $1.8B to Buy CNET

Network gives shareholders huge premium

By Kevin Spak,  Newser Staff

Posted May 15, 2008 8:33 AM CDT

(Newser) – CBS has agreed to buy CNET for $1.8 billion, the Wall Street Journal reports. The merger comes just as CNET was facing a full-scale shareholder revolt. Now, those investors are getting $11.50 a share, a price the stock hasn’t touched in two...   Read full story »

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