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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, paidContent.org, Screenwerk, Alan Meckler, MediaFile, Homotron.net, My Blog Posts, Windows Connected and jkOnTheRun
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, BeyondVC, The Boy Genius Report, Howard Lindzon, The Social Times, MediaFlect, innonate and Smalltalk Tidbits …
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:
Silicon Alley Insider, HipMojo.com, 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
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
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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! …
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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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
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°, Guardian Unlimited 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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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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Associated Press:
Nintendo hit with $21 million patent infringement — LUFKIN, Texas (AP) — Nintendo of America Inc. was ordered to pay a small East Texas gaming company $21 million Wednesday for infringing on a patent while designing controllers for its popular Wii and GameCube systems.
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Michael Arrington / TechCrunch:
Amazon May Sell $750 Million In Kindles by 2010 (That's A Lot Of Kindles) — The Kindle, Amazon's ugly but useful ebook reader that launched in November 2007, may be a burgeoning hit, says Citigroup Analyst Mark Mahaney. Citi expects Amazon to generate between $400 million and $750 million …
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Henry Blodget / Silicon Alley Insider:Amazon Kindle a $750 Million iPod-Like Business By 2010 (AMZN)
Discussion:
Podcasting News
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 …
Hank Williams / Why does everything suck?:
Adobe Introduces P2P Flash Player, Kills CDNs — Today Adobe announced the public beta of a new Flash Player that is going to change the way we all use the Internet. More importantly, the new player changes the economics of the Internet. — Interestingly the two really key features …
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SHARP World Index:
Sharp Achieves the World's Highest Power Density for Direct Methanol Fuel Cells (DMFC) — Elemental Technology Established for the Practical Application of Fuel Cells for Mobile Equipment — Sharp Corporation has achieved the world's highest*1 power density*2, 0.3W/cc, for direct methanol fuel cells (DMFC) for mobile equipment.
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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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