Nothing like scanning the headlines and finding out your parent company has been acquired.
The details: "Under the terms of the agreement, CBS will make a cash tender offer for all issued and outstanding shares of CNET Networks for $11.50 per share, representing an equity value of approximately $1.8 billion. The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and approximately 200 million users worldwide."
I don't have a whole lot to say on the matter except for:
- Will my CBS Sportsline fantasy football account be comped?
You can read the statement for yourself. Back to our regularly scheduled programming.