ViacomCBS in Talks to Sell Tech Site CNET to Red Ventures

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ViacomCBS in Talks to Sell Tech Site CNET to Red Ventures
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ViacomCBS is in talks to sell tech news and reviews site CNET to digital-media holding company Red Ventures, as it looks to shed noncore assets and focus on video streaming, according to people familiar with the matter

ViacomCBS Inc. is in talks to sell technology news and reviews site CNET to digital-media holding company Red Ventures LLC, according to people familiar with the matter, as the media giant looks to shed noncore assets and focus on video streaming.

The price being discussed for CNET is about $500 million, some of the people said. The deal isn’t final and talks could break down, the people said.

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