CNET Acquires KillerApp Corp.
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CNET will issue about 500,000 common shares for all of KillerApp's stock.
CNET said the acquisition will add consumer electronics to its shopping services. The company intends to integrate Killer App into its services immediately.
"At CNET, we are committed to building the Internet's largest database of products and prices for our large and loyal audience of computer and technology enthusiasts," said Kevin McKenzie, CNET's associate vice president of shopping services.
Halsey Minor, CNET's chairman and chief executive officer, said one of the specialties of the site will be enhanced coverage of the covergence of computing, technology, telecommunications and entertainment.
"With this acquisition, we have taken another step toward providing the quintessential online marketplace for the technology buyer."