NYTimes.com | PaidContent.org | MarketWatch
The deal comes just as CNET Networks was trying to fend off activist investors seeking to take control of its board of directors. CBS is paying $11.50 for each CNET share, a 45% premium to where the stock closed on Wednesday. ||
Rafat Ali: "Everyone looked at CNET, but couldn't make the economics work." ||
Jon Friedman: CEO Les Moonves appears to be making a grand statement to his boss, not to Wall Street.
Reading Mr. Moonves' comments, I'm left with the impression that...
