SAN FRANCISCO (Thomson Financial) - CBS Corp. late Friday said it has
launched its tender offer for all shares of CNet Networks Inc. at $11.50 per
share in cash.
The New York-based broadcaster earlier this month proposed a buyout of the
San Francisco-based Internet media company.
The offer values the company at around $1.8 billion. The tender offer
expires June 20.
CBS stock closed the regular session down 30 cents at $22.70.
Brigid Gaffikin
bg/gm
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