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CBS completes acquisition of CNet Networks

By Associated Press

June 30, 2008

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Television and radio station operator CBS Corp. said Monday it has completed its acquisition of Web site operator CNet Networks Inc.

CBS paid $11.50 per share for San Francisco-based CNet, which provides technology, food and entertainment information through its CNet.com Web site and other consumer information sites.

CBS shares fell 27 cents, or 1.4 percent, to close at $19.49.

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