CBS Corporation, a mass media company, has entered into an agreement to acquire CNET Networks, Inc., a global interactive media company. CBS will make a cash tender offer for all issued and outstanding shares of CNET Networks for $11.50 per share. Based in San Francisco, CNET Networks owns many news and information sites including CNET, ZDNet, GameSpot.com, TV.com, mp3.com, CNET news.com, UrbanBaby, CHOW, Search.com, BNET, MySimon and TechRepublic. Upon closing, CNET Networks' sites will be combined with CBS's businesses including: CBS.com, CBSSports.com, CBSCollegeSports.com, MaxPreps.com, CBSNews.com, last.fm, Wallstrip, MobLogic, CBS Radio and CBS Television Stations digital media platforms, and the distribution network of the CBS Audience Network.
( www.cbs.com, www.cbscorporation.com, www.cnet.com )