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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: CNET

CNET stories: 2 news summaries
MARKETS

 Stocks Rise on Deals, Lower Oil  

Merger buzz bets weak economic data

May 15, 08 3:24 PM CDT
(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 »

MORE ABOUT:
CBS • Dow Jones • Nasdaq • Tiffany's • IAC • S&P 500 • CNET

CBS Shells Out $1.8B
to Buy CNET

Network gives shareholders huge premium

May 15, 08 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 years and a 45%... More »

MORE ABOUT:
Internet • CBS • investors • mergers and acquisitions • Leslie Moonves • hedge fund • CNET

2 Stories


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