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Ziff Davis is buying CNET for just $100 million
A fraction of the $1.8 billion it was once valued at.
Red Ventures is selling CNET to Ziff Davis, the digital media and internet company that owns other notable tech publications like Mashable, IGN, and Lifehacker. Ironically, back in 2000 it was CNET Networks Inc that paid $1.6 billion to acquire the then tech-publishing behemoth Ziff-Davis Inc and its online services company ZDNet. While an official figure hasn’t been announced, Ziff Davis reportedly paid “more than $100 million for CNET” according to the NYT’s sources — a fraction of the $1.8 billion it was valued at when CBS acquired the company in 2008.
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