We all know that Mary-Kate and Ashley Olsen are fond of a mink or two.
But there's a price to pay in Hollywood if you're a fur-loving celeb.
And it ain't pretty folks...
CBS buys 12 Websites including CNET, ZDNet and GameSpot
Thursday, May 15, 2008
Written By Lynn Sorel At 11:27:00 AM
CBS has agreed to acquire CNET Networks (News.com) in a deal valued at $1.8 billion, the companies said Thursday (today).
CNET Networks-owned sites include :
CNET
ZDNet
GameSpot
TV.com
MP3.com
CNET News.com
UrbanBaby
CHOW
Search.com
BNET
MySimon
TechRepublic
The purchase price comes to $11.50 per share, representing a 44 percent premium over Wednesday's closing price of $7.95.
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 about 200 million users worldwide, the companies said.
The deal is expected to close in the third quarter.
CNET's board has unanimously approved the deal, the company said.
CNET Networks, News.com's publisher, recently announced a partnership with Yahoo to provide technology news and reviews to the search company. The companies also agreed to allow Yahoo to sell display ads on CNET properties and for CNET to sell ads alongside the content it provides on Yahoo sites.
CBS Buying CNET For $1.8 Billion in cash. CBS also Predicts $1 Billion Interactive Revenues By 2010.
Larry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic has this to say :
"WOW ! - Nothing like scanning the headlines and finding out your parent company has been acquired."
Watch for our Special Report, as we once again start reporting Breaking Stories once again :)
Woman in U-Haul leads police on wild chase
(NECN) - A woman in a reportedly stolen U-Haul truck was involved in a chase with California Highway Patrol officers. The chase lasted approximately one hour, and the woman was taken into custody.
At the end of the chase the woman stopped the vehicle in the middle of the road, and fled on foot. She attempted to gain access to the passenger side of another car, but that car drove off.
An officer caught up with the suspect, and took her into custody.
