CNET Networks +
ZDNet, Conexant Systems + NetPlane Systems, Digital Impact + MineShare,
GetThere +
AllMeetings, Net2Phone + Aplio, TMP
Worldwide + QD Group, Turnstone Systems + Paragon
Solutions
CNET Networks (CNET) acquires ZDNet
(ZDZ) |
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Amount: $1.6
billion |
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Terms:
50 million shares |
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Premium: n/a |
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Industry:
Content/Communities |
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Scorecard: B |
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SAN FRANCISCO, July 19--CNET Networks and
ZDNet announced that they have signed a
definitive merger agreement by which CNET
will acquire ZDNet to provide technology
information and related services to businesses and individuals across
multiple platforms, including online, wireless devices, television, radio
and print. To effect the acquisition of ZDNet, CNET Networks will acquire
the outstanding common stock of Ziff-Davis, Inc. .
Each share of ZD common stock will be converted into 0.3397 shares of CNET
common stock and each share of ZDNet common stock will be converted into
0.5932 shares of CNET common stock. CNET expects to issue approximately 50
million shares of common stock in the transaction, valued at approximately
$1.6 billion. Read analysis of this deal in Kelly Black's
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