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.

Comments have been disabled for this post