HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Sat, 21 Nov 2009 21:40:57 +0000 http://wordpress.org/?v=2.1.3 en CBS Buys CNET - Did I Call It or What? http://watchmojo.com/web/blog/index.php/2008/05/15/cbs-buys-cnet-did-i-call-it-or-what/ http://watchmojo.com/web/blog/index.php/2008/05/15/cbs-buys-cnet-did-i-call-it-or-what/#comments Thu, 15 May 2008 12:07:15 +0000 Ashkan Karbasfrooshan CBSCNETInternet & WebM&A http://watchmojo.com/web/blog/index.php/2008/05/15/cbs-buys-cnet-did-i-call-it-or-what/ Wow.

A couple of weeks ago I ran down a number of companies CBS should buy and concluded: CBS should buy CNET.

Today, it’s official.

Quincy and Mike, you can send me my M&A consulting fee, made out Granicus Group. Jokes aside, this is a good move as it adds $400M in annual revenues to CBS Interactive at 4.5x revenue (pretty decent). With over 100M uniques, this gives CBS a lot more leverage.

Part 2: CBS is the new News Corp.

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