ViacomCBS Inc. is in talks to sell technology news and reviews site CNET to digital-media holding company Red Ventures LLC, according to people familiar with the matter, as the media giant looks to shed noncore assets and focus on video streaming.
The price being discussed for CNET is about $500 million, some of the people said. The deal isn’t final and talks could break down, the people said.
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ViacomCBS In Talks To Sell Tech Website CNETViacomCBS which has been looking to shed assets since its merger last year is in talks to unload tech website CNET to Red Venture, a digital-focused holding company, Deadline has confirmed. A deal … For a $1.3 Billion loss. 👍
Source: DEADLINE - 🏆 109. / 63 Read more »
ViacomCBS In Talks To Sell Tech Website CNETViacomCBS which has been looking to shed assets since its merger last year is in talks to unload tech website CNET to Red Venture, a digital-focused holding company, Deadline has confirmed. A deal … For a $1.3 Billion loss. 👍
Source: DEADLINE - 🏆 109. / 63 Read more »