CBS to Acquire CNET
May 15th, 2008 Posted in General IT News | No Comments »Via TechCrunch (source):
…apparently worth about $1.8 billion, which is what CBS just agreed to pay for CNET. The deals values CNET at $11.50/share, and puts a 45% premium on stock from their closing price yesterday. CBS, which is worth a little over $16 billion, is down just over 3% on the news as of 7:45 am PST.
It’s interesting that CBS has seen their stock dip on this announcement. Does this show that consumers/readers of CNET are not wanting to see CBS take over? With all of the free content that’s produced by CNET, whether or not it would remain free is something of a big question. Will this lead to a major netcast content creator suddenly charging for their content? Or a major company like CBS moving towards being friendly to free (to the direct consumer) content?
After much anticipation OpenOffice.org has released the beta of Version 3 of their popular open source office productivity suite. New Features include ODF 1.2 support, Microsoft Office 2007 Import Filters, charting enhancements, improved note capabilities in Writer, new icons, enhanced pdfexport, multi-monitor support for impress, and a start center to simplify application access, not to mention the plethora of bug-fixes, and other minor feature enhancments.