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| Version 0 | Version 1 |
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| CBS buys tech news website CNET | CBS buys tech news website CNET |
| (20 minutes later) | |
| Television company CBS has agreed to buy technology news and entertainment website CNET for about $1.75bn (£900m). | |
| CBS said that the purchase of CNET, which owns sites such as ZDNet and Gamespot, would help to boost its online presence. | |
| CBS has offered $11.50 a share in cash, which is 45% more than CNET's closing price on Wednesday. | |
| The companies said the combined group would have "significant additional exposure" to online advertising. | The companies said the combined group would have "significant additional exposure" to online advertising. |
| The deal will make CBS: "one of the 10 most popular Internet companies in the United States", with 54 million US users and 200 million worldwide, CBS said in a statement. | |
| The deal is subject to approval by regulators and CNET shareholders. | |
| Other CNET sites include News.com, TV.com, Mp3.com and MySimon. | |
| CBS will combine them with its own websites such as CBSSports.com and CBSNews.com. |