(Reuters) - Marketing company Red Ventures said on Monday that it would buy online media company CNET Media Group from ViacomCBS (NASDAQ:VIAC) Inc (O:VIACA) for $500 million.
CBS Corp (NYSE:CBS_old) bought CNET for about $1.8 billion in 2008 and added digital properties such as ZDNet, GameSpot.com, TV.com, and UrbanBaby.com to boost its reach online.
The transaction is expected to close in the fourth quarter this year and will be headed by its current senior team including its executive vice president, Mark Larkin, Red Ventures said.
Evercore is the financial adviser and K&L Gates LLP is the legal adviser to Red Ventures, while Citi is serving as financial adviser and Shearman & Sterling LLP is the legal adviser to ViacomCBS.(Reuters) - Marketing company Red Ventures said on Monday that it would buy online media company CNET Media Group from ViacomCBS (NASDAQ:VIAC) Inc (O:VIACA) for $500 million.
CBS Corp (NYSE:CBS_old) bought CNET for about $1.8 billion in 2008 and added digital properties such as ZDNet, GameSpot.com, TV.com, and UrbanBaby.com to boost its reach online.
The transaction is expected to close in the fourth quarter this year and will be headed by its current senior team including its executive vice president, Mark Larkin, Red Ventures said.
Evercore is the financial adviser and K&L Gates LLP is the legal adviser to Red Ventures, while Citi is serving as financial adviser and Shearman & Sterling LLP is the legal adviser to ViacomCBS.
Reprinted from investing.com, the copyright all reserved by the original author.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。