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Joseph Weisenthal / paidContent.org:
BREAKING: CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium — CBS (NYSE: CBS) is acquiring CNET (NSDQ: CNET) for $1.8 billion in cash. The purchase price comes to $11.50 per share, representing a 44.6 percent premium over last night's closing price of $7.95.
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PR Newswire:
CBS Corporation To Acquire CNET Networks, Inc. — CBS to Become a Top Ten U.S. Internet Company with Unparalleled Content and Reach, Boasting Approximately 200 Million Monthly Unique Users Worldwide — CNET Networks' CNET, ZDNet, GameSpot.com, TV.com, CNET News, UrbanBaby, BNET …
Margaret Kane / CNET News.com:
CBS to buy CNET Networks — CBS has agreed to acquire CNET Networks in a deal valued at $1.8 billion, the companies said Thursday. — The purchase price comes to $11.50 per share, representing a 44 percent premium over Wednesday's closing price of $7.95.
Discussion:
Today @ PC World, Download Squad, Gadgetell, Screenwerk, Alan Meckler, MediaFile, Homotron.net, My Blog Posts, jkOnTheRun and Windows Connected
Peter Kafka / Silicon Alley Insider:
CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive Revenues By 2010 — CBS will pay $11.50 a share for CNET. The all-cash deal represents a premium of 44% above the $7.95 CNET closed at yesterday. Will it be enough to satisfy JANA et al?
Discussion:
DealBook, paidContent.org, HipMojo.com, Techmamas, BeyondVC, The Boy Genius Report, Howard Lindzon, The Social Times, MediaFlect and innonate
Staci D. Kramer / paidContent.org:
CBS-CNET: Interview: Leslie Moonves, CEO, CBS: ‘Right Opportunity, Right Time, Right Price’ — Just got off the phone with CBS CEO Leslie Moonves in his first interview following the announcement that CBS (NYSE: CBS) will acquire CNET (NSDQ: CNET) for $1.8 billion in cash.
Discussion:
HipMojo.com, Silicon Alley Insider, Wired News, 24/7 Wall St., Portfolio, Online Media Cultist and Lost Remote
Marshall Kirkpatrick / ReadWriteWeb:CBS Pays $1.8 Billion for CNet: CNet Shows How It's Done
Discussion:
Laughing Squid
PR Newswire:
Icahn Sends Open Letter to Board of Directors of Yahoo! — SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY Carl C. Icahn AND HIS AFFILIATES FROM THE STOCKHOLDERS OF YAHOO! INC. FOR USE AT ITS ANNUAL MEETING …
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Lauren Pollock / Wall Street Journal:
Icahn Moves to Oust Yahoo Board — Billionaire Hopes to Revive a Deal with Microsoft — Billionaire investor Carl Icahn officially launched a proxy contest to unseat Yahoo Inc.'s board, writing in a letter to Chairman Roy Bostock “the board of directors of Yahoo has acted irrationally …
Discussion:
Between the Lines, All about Microsoft, Digital Daily, Silicon Alley Insider and Tech Confidential
Brian Caulfield / Forbes:
Advice For Jerry Yang — Steve Kirsch is one of a handful of people who can appreciate what Yahoo! Chief Executive Jerry Yang is facing right now. — The entrepreneur and former chief executive of Infoseek, a search engine that has withered away since being acquired by Disney, thinks Yahoo! …
Michael Arrington / TechCrunch:
Dear Yahoo: You're Fired — As expected, Carl Icahn presented an alternate slate of directors for the upcoming Yahoo shareholder meeting. The letter to Yahoo Chairman Roy Bostock says it all: — Carl C. Icahn — ICAHN CAPITAL LP — 767 Fifth Avenue, 47th Floor — New York, NY 10153
Discussion:
Terry Heaton's PoMo Blog
Anthony Ha / VentureBeat:
Yahoo: I have seen the future of search, and it's ... a monkey? — As the corporate battle for control of Yahoo continues, the company's search team is working busily to make the target of all the backroom shenanigans (namely, Yahoo's search technology and web portal) more powerful by opening it up to third-party developers.
Discussion:
eWeek
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Eric Savitz / Tech Trader Daily:
At The Churchill Club: The Top 10 Tech Trends — I'm at the Fairmont Hotel in San Jose tonight, for the Churchill Club's annual Top 10 Tech Trends Dinner. This is the club's 10th annual tech trend panel. Making the picks: — Steve Jurvetson, Draper Fisher Jurvetson. — Vinod Khosla, Khosla Ventures.
Discussion:
A VC, Don Dodge on The Next …, The Pondering Primate, Redeye VC, LEWIS 360° and VentureBeat
Philip Elmer-DeWitt / Apple 2.0:
Anatomy of a rumor: The Atom-powered Newton iPhone — As Winston Churchill might have put it, an Apple rumor can fly halfway around the world before truth has a chance to get its boots on. — Case in point: the iPhone mini-tablet story that broke Wednesday afternoon in Germany.
Discussion:
MacRumors, I4U News, AppleInsider, One More Thing, last100, Gizmodo and Insanely Great Mac
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Henry Blodget / Silicon Alley Insider:
Amazon Kindle a $750 Million iPod-Like Business By 2010 (AMZN) — The Kindle could contribute 3% of Amazon's overall revenue in two years, argues Citi analyst Mark Mahaney, who has a born-again relationship with the device. Combining device and book sales in an iPod/iTunes-like model …
Discussion:
Podcasting News
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Michael Arrington / TechCrunch:Amazon May Sell $750 Million In Kindles by 2010 (That's A Lot Of Kindles)
Guardian:
How Apple is changing DRM — As more stores and record labels abandon digital rights management, Apple may have an alternative plan for subscription services, writes Tim Anderson — When Apple approached record companies about selling their music digitally five years ago, they …
Karl / DSLreports:
Comcast Gets Investigated While Cox Gets Free Pass - New data from Glasnost project shows depth of Cox BitTorrent blocking.... Earlier this month I directed your attention to a new test dubbed the Glasnost Project, a Java applet project by the Max Planck Institute in Germany …
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Thomas Ricker / Engadget:
Nintendo ordered to pay $21 million to patent troll — Remember Anascape Ltd, the little “gaming company” that sued Microsoft and Nintendo back in 2006 for controller patent infringement? Well, it's payday to the tune of $21 million after a jury found Nintendo's Wii Classic, WaveBird …
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Greg Sterling / Search Engine Land:
Ask.com Buying Lexico, Owner Of Dictionary.com — In a move that is interesting and perhaps even surprising for several reasons, IAC/Ask is buying Lexico Publishing Group, which owns and operates “iconic” domains Dictionary.com, Thesaurus.com and Reference.com.
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