Buddy Blogs

US media company CBS has bought CNET network.

CBS will make a cash tender offer for all issued and outstanding shares of CNET Networks for $11.50 per share, representing an equity value of approximately $1.8 billion. The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and approximately 200 million users worldwide.

CNET Networks operates a global network of sites that include consumer facing technology review sites, such as CNET.co.uk, CNET.com and SmartPlanet.com, business sites such as ZDNet and silicon.com and general entertainment sites such as TV.com and MP3.com. CBS owns one of the largest televisions stations in the US as well as major online brands such as LastFM and CBSSports.com.

Thats 1.8 Billion dollars! BIGGIE!

Read press releases from both companies here and here.

The Buddy Blogs is now in the the 35th place on the Top Philippine blogs based on Alexa Rankings as compiled by Pinoy Money Talk.

Click the image to enlarge.

Previously, the Buddy Blogs was on the 37th place.

Thanks thanks thanks my dear readers!!!!