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CBS bids $1.8 billion for CNET Networks


After the whole Kane & Lynch fiasco, who takes CNET seriously anymore? CBS does, apparently. In a press release today, the media giant announced that they were offering $11.50 for each outstanding share in CNET, or $1.8 billion in total. CNET owns their own gaming media giant, with GameSpot, GameRankings, Metacritic, and Download.com ranking some of the most popular sites around. The CNET Board of Directors has approved the merger and urges all shareholders to accept the offer for their shares.

The most interesting part to us, however, is the fact that in the release, CBS does not utter the word "games" at all. Apparently, the words "games" or "videogames" are taboo to a multi-national multimedia corporation like CBS. However, "entertainment" is a perfectly fine way to refer to it, even though it could mean books, movies, games, music, or even sports. Can't we at least get an "interactive"?

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