CBS Acquires CNet; Andy Rooney Steps Down?
May 15, 2008
Earlier today it was announced that CBS purchased CNet for $1.8 billion. Pretty quickly, CNet’s stock went up about 45% and CBS’s dropped a little bit. Already people are speculating what kinds of changes will happen at CNet because of this purchase. I think it’s awfully interesting, not to mention that this is the deal of the century for CNet (as far as money goes). I’m kind of excited to see what will happen, but as we all know these kinds of corporate mergers often mean bad news for the little guy.
A few hours later, Don Reisinger of CNet mentioned on Twitter that Andy Rooney announced he is stepping down. I haven’t seen that confirmed anywhere, and I’m still not sure if Reisinger wasn’t joking since he mentioned in his “tweet” that he’d be a good replacement, but I do think that this would be a pretty big announcement were it to be true. If he’s joking, I’ll feel a little silly for believing it. Keep your eyes peeled.
Edit: Sorta feel like he was joking. Actually, I’m pretty sure he was. I kinda feel dumb, but that’s ok. In other news, Let’sMoveToTheMoon has been acquired by NBC and I’m hosting the Apprentice.
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