May 15 2008
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CBS to buy CNET for $1.8 billion
Huh? That’s almost as much of a bloated, sideways mega-move as Microsoft buying Yahoo.
According to CBS’ CEO, Les Moonves:
We are not going to spend $1.6 billion on YouTube. We are looking for the next YouTube […]. There are very few opportunities to acquire a profitable, growing, well-managed Internet company like CNET Networks.
Uh… (?)
Maybe they just wanted cbs.com.com.