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CBS completes acquisition of CNet Networks



By AP
30 June 2008 @ 08:32 pm EST

NEW YORK - Television and radio station operator CBS Corp. said Monday it has completed its acquisition of Web site operator CNet Networks Inc.

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CBS 8.74 0.64
CNET 11.4899997711182 0.03

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CBS paid $11.50 per share for San Francisco-based CNet, which provides technology, food and entertainment information through its CNet.com Web site and other consumer information sites.

CBS shares fell 27 cents, or 1.4 percent, to close at $19.49.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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