The what-was-expected sale of CNet to CBS may not happy after all,
although for it not to happen would be unlikely. A surprise in the
merger agreement agreed to between the parties has a rather unique
provision to give it the option of finding another, higher bidder if it
can reports the New York Times. Those prime generic domain names owned
by CNet could help gain some more bids for the company yet.
The provision is not totally unusual and they have become more common
in the era of private equity the Times reports, but is unusual in this
type of deal.
To read more of the story in the New York Times on the provision and what it could mean, see dealbook.blogs.nytimes.com/2008/05/16/attention-cnet-shoppers/.
David Goldstein
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