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Forums - Gaming - CBS buys Gamespot and the rest of CNet for $1.8 billion

thekitchensink on 15 May 2008

CBS to buy GameSpot, rest of CNet for $1.8b in cash

14 Comments by James Ransom-Wiley May 15th 2008 10:44AM
Filed under: Business

CBS will pay $1.8 billion in cash to become the proud parent of CNet and its spawn GameSpot in a deal that's expected to close in the third quarter pending shareholder and regulatory approval. The acquisition values the company at $11.50 per share, a 45% premium over CNet's closing stock price on Wednesday, reports the Associated Press. Sheesh! Well, CBS, you've just been robbed "welcome to the internets" ... but as The Washington Post puts it, you've certainly got your work cut out for you not to become known as "CNet Buy Sunk."
 
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Love the part I bolded XD 


Could I trouble you for some maple syrup to go with the plate of roffles you just served up?

Tag, courtesy of fkusumot: "Why do most of the PS3 fanboys have avatars that looks totally pissed?"
"Ok, girl's trapped in the elevator, and the power's off.  I swear, if a zombie comes around the next corner..."
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LordTheNightKnight on 15 May 2008

Great, now they'll push those CSI games on us.



A flashy-first game is awesome when it comes out. A great-first game is awesome forever.

Plus, just for the hell of it: Kelly Brook at the 2008 BAFTAs

hunter_alien on 15 May 2008

Yay ... maybe GS will change to better now ?



Vote the Mayor for Mayor!

Words Of Wisdom on 15 May 2008

So this hasn't been fully approved yet?



thekitchensink on 15 May 2008
Words Of Wisdom said:
So this hasn't been fully approved yet?

Not quite--it's going to happen, pretty much the only thing that's holding them back is signing a bunch of papers, etc. 



Could I trouble you for some maple syrup to go with the plate of roffles you just served up?

Tag, courtesy of fkusumot: "Why do most of the PS3 fanboys have avatars that looks totally pissed?"
"Ok, girl's trapped in the elevator, and the power's off.  I swear, if a zombie comes around the next corner..."