CBS Corp.'s (NYSE: CBS) purchase of CNET (NSDQ: CNET) Networks for $1.8 billion comes with amid a lot of change and drama at both companies. From CNET's drawn out proxy fight with the consortium led by hedge fund Jana Partners, which has been trying to nominate directors to the company's board in an effort change the company's practices, while CBS, has been looking to move more quickly to build up its digital offerings over the past year with other notable acquisitions such as music recommender Last.fm and financial video blog WallStrip. Some links are below detailing all the recent and not-so-recent activity for both CBS and CNET, including our breaking news of the deal itself by Joseph Weisenthal, an exclusive interview with CBS CEO Les Moonves by Staci D. Kramer and initial analysis by Rafat Ali; we also have live blogging of the conference call heralding the acquisition.
-- BREAKING: CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium
-- CBS-CNET: Interview: Leslie Moonves, CEO, CBS: 'Right Opportunity, Right Time, Right Price'
-- First Take: CNET: The Brand Everyone Wanted To Buy, But Didn't Really
-- Earnings: CBS Q1 Revs Flat; Net Income Up 14 Percent
-- CNET Q1 Revs Up 3 Percent, But Shy Of Estimates; Yahoo Deal: $100 Million In Revs Over Three Years
-- CBS Interactive's Quincy Smith On Re-Org: 'More CBS Corp. Firepower Focused On Interactive'
-- CBS Interactive Reorganizes Under Pressure To Show Results
-- CBS Interactive Opening Menlo Park Office; Big Acquisition Needed?
-- CNET's Proxy Fight Update: Court Upholds Jana's Right To Nominate Board
-- Updated: Jana Offers CNET Plan: Slams Management; Wants ore Social Media; Settlement Rejected
-- Update: CBS And CNN In TalksAgainTo Combine News Operations: Report; CBS Denies
-- Updated: CBS Interactive Trims Staff, Cuts At CBS.com, CBSNews.com
By David Kaplan