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NEWS ABOUT: CNET

Stocks Rise on Deals, Lower Oil

Merger buzz bets weak economic data

(Newser) - Stocks rose for the fourth consecutive day today as deal-making buzz from Internet firms and a Tiffany’s-led retail rally offset a rise in weekly jobless claims and contraction in New York- and Philadelphia-region manufacturing, MarketWatch reports. The Dow rose 94.28, closing at 12,992.66, while the S&... More »

CBS Shells Out $1.8B to Buy CNET

Network gives shareholders huge premium

(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 years and a 45% premium... More »

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