CNET Networks Inc. (CNET) Shares Rose 44 Percent on CBS' Buyout Plan for $1.8 Billion
Internet information providers are at the forefront of industrial progress and technological advancement. Serving an essential function in nearly every business, information services technology organizes and mobilizes operational structures of corporate
(EMAILWIRE.COM, May 17, 2008 ) BeaconEquity.com announces the publication of ‘CNET Networks Inc. (CNET) Shares Rose 44 Percent on CBS' Buyout Plan for $1.8 Billion’
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CNET Networks Inc. (CNET) Shares Rose 44 Percent on CBS' Buyout Plan for $1.8 Billion
Internet information providers are at the forefront of industrial progress and technological advancement. Serving an essential function in nearly every business, information services technology organizes and mobilizes operational structures of corporate and industrial entities to efficiently meet their specific objectives. About 4,000 companies comprise the U.S. Internet services industry, and combined annual revenue has reached $30 billion.
CNET Networks Inc., an interactive media company, builds and operates branded media properties in the technology, entertainment, business and food areas through its online information services facilities. The company has operations in the United States, Asia, and Europe.
Recently, CNET shares rose $3.46, or 44 percent, to $11.41 following news that media giant CBS Corp. plans on a $1.8 billion, or $11.50 a share, acquisition of CNET. This planned acquisition is a major step to boost CBS' Web footprint and recover from a recent slowdown in its core television and radio business by staking a high-profile bet that such a move will provide the company with an online platform it can build on.
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Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
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CNET Networks Inc. (CNET) Shares Rose 44 Percent on CBS' Buyout Plan for $1.8 Billion
Internet information providers are at the forefront of industrial progress and technological advancement. Serving an essential function in nearly every business, information services technology organizes and mobilizes operational structures of corporate and industrial entities to efficiently meet their specific objectives. About 4,000 companies comprise the U.S. Internet services industry, and combined annual revenue has reached $30 billion.
CNET Networks Inc., an interactive media company, builds and operates branded media properties in the technology, entertainment, business and food areas through its online information services facilities. The company has operations in the United States, Asia, and Europe.
Recently, CNET shares rose $3.46, or 44 percent, to $11.41 following news that media giant CBS Corp. plans on a $1.8 billion, or $11.50 a share, acquisition of CNET. This planned acquisition is a major step to boost CBS' Web footprint and recover from a recent slowdown in its core television and radio business by staking a high-profile bet that such a move will provide the company with an online platform it can build on.
To read the entire article visit http://www.BeaconEquity.com – Click on News and Commentary
Join the fastest growing investor community at:
http://www.stockhideout.com
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.BeaconEquity.com
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.BeaconEquity.com
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service for $1000/year, go to http://www.emailwire.com
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