CNET-CBS: Making The Case To The CNET Troops; Not Sure About CNET Networks Brand

Yesterday CNET (NSDQ: CNET) CFO Zander Lurie pitched the company’s sale to investors, but really, how hard is it to justify a deal that delivered a 45 percent premium? Today is the day that the case is being made to employees, though we’ve heard and read elsewhere that CNET employees are by and large into the deal. This afternoon CBS (NYSE: CBS) CEO Leslie Moonves will be getting a tour of the SF headquarters, and there will be a company-wide phone-in address (we’ll let you know what we hear). In advance of that, CNET has filed what’s basically an employee FAQ with the SEC covering various topics on things like health benefits and strategy. Some of the questions have been addressed already. Here are some highlights:

Are there duplications between our organization/roles and their organization/roles? Can we expect layoffs as a result of the acquisition?: CNET Networks


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