CBS to Buy CNet for $1.75 billion

CBS agreed to buy CNet Networks for about $1.75 billion, expanding its access to the burgeoning Internet advertising market. The company, which owns the CBS television network, said it offered $11.50 a share for CNet, based in San Francisco, whose board accepted it. The bid is a 45 percent premium above CNet’s closing price of $7.95 on Wednesday

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