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Entries tagged "Cnet"Smith leaves CBS Interactive for dealmakingCBS Interactive CEO Quincy Smith is resigning to start his his own media advisory firm in Silicon Valley. CBS' Moonves sees dark future in newspaper sectorThe newspaper industry is in critical condition, and CBS CEO Les Moonves makes no bones about it. The media veteran, who helped engineer CBS' $1.8 billion purchase of online media company Cnet Networks Inc. in May, seemed to be gloating, telling an audience at MIXX 2.8, the Interactive Advertising Bureau's annual advertising conference Tuesday, about his company's new direction, which seems to spell only more troubles for the newspaper industry. ... Jana retreats from Cnet campaignActivist hedge fund Jana Partners LLC said Thursday that it would drop its proxy contest with Cnet Networks Inc., following CBS Corp.'s pending $1.8 billion acquisition of the Internet hub. ... Rabble Babble: What others are saying about CBS' acquisition of CNetCBS Corp. said it would pay $11.50 per share,or nearly $1.8 billion, for Cnet Networks Inc. CBS is hoping the deal will help the company expand its reach on the Internet. The deal comes as Cnet's activist hedge funds, which hold nearly 15% of the company, are putting pressure on the company. This, of course, means a lot of chatter in the blogosphere and in the discussion rooms.... Roll Call: Berkshire Hathaway Should Buy CBS?Portfolio's Felix Salmon has an interesting take on why CBS Corp. would be a great acquisition for Berkshire Hathaway Inc. now that it is acquiring CNet Networks Inc. He writes: Berkshire doesn't necessarily look for growth in the businesses it buys: it looks for cashflow, which it can profitably reinvest elsewhere. And CBS has lots of profits which Berkshire would love to be able to invest. --The editors... Ratings Review: Cnet deal to have no impact on CBS creditCBS Corp. was looking for a jump-start to its business. What executives at the New York-based media company came up with is the $1.8 billion acquisition of Internet media company Cnet Networks Inc. From a credit perspective, Fitch Ratings (BBB long-term ratings; BBB senior unsecured debt rating and F2 short-term rating) and Moody's Investor Services (Baa3 long-term rating, P3 short-term rating) says the deal won't affect CBS' debt ratings.... As the Bull charges, Cnet leads Deal StocksDeal Stocks and the broader market ticked up on Thursday, as the looming dark cloud that is fuel prices looked a bit brighter with crude oil dropping 10 cents to close at $124.12 per barrel on the New York Mercantile Exchange. The Dow Jones Industrial Average logged its second straight gain, climbing 94.28 points to close at 12,992.66. ... Just In: Advisers on CBS-CnetCBS Corp. on Thursday said it would pay $11.50 per share or nearly $1.8 billion for Cnet Networks Inc., news that caused the target's flagging share price to trade almost that high by midafternoon. Several advisers weighed in. Here are a few: ... CBS and Cnet: All about those video game-playing men?With CBS Corp.'s $1.8 billion purchase of Cnet Networks Inc., we're again reminded that strategics are back at the helm of dealmaking. The renewed power has created a heady atmosphere for corporate dealmakers willing to make bold moves, as evidenced not only by the CBS offer, but also by the Microsoft Corp. bid for Yahoo! Inc., the Blockbuster offer for Circuit City Stores Inc., the Cablevision Corp. purchase of Newsday, and Hewlett-Packard Co.'s deal for Electronic Data Systems Corp.... CBS to buy Cnet for $1.8BCBS Corp. on Thursday unveiled plans to acquire Cnet Networks Inc. for $1.8 billion, an online media company that has for months been under fire from activist investors. ... Jana's white paper: 38 pages of Cnet's troubles and how to fix themActivist hedge fund Jana Partners LLC, which is embroiled in a proxy fight with Cnet Networks Inc., in a move to fuel its fire, devoted 38 pages in a white paper published on Tuesday on what the San Francisco online media company is doing wrong and what the fix may be.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Cnet." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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