CNET Shares Rise on Viacom Rumor


if you were wondering why CNET’s shares were up today (as posters on CNET’s message boards on Yahoo Finance were wondering too), there was a rumor on Jagnotes about Viacom about to bid for the company at $21 a share.

Viacom’s name has cropped up many times in CNET’s sell story before…though I would have expected that the premium would have gone down. And then, there are all sorts of plausible reasons why Viacom should or shouldn’t but CNET.

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