ViacomCBS which has been looking to shed assets since its merger last year is in talks to unload tech website CNET to Red Venture, a digital-focused holding company, Deadline has confirmed
A deal could be worth about $500 million, according to the Wall Street Journal, which first reported the talks.
The company has been paring costs since the merger and has made a major pivot towards streaming. It put publisher Simon & Schuster on the block as well as Black Rock, CBS’ iconic Manhattan headquarters.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ViacomCBS in Talks to Sell CNETThe possible sale is the latest as the studio, led by CEO Bob Bakish, looks to unload non-core assets after Viacom and CBS merged.
Read more »
ViacomCBS in Talks to Sell CNETThe possible sale is the latest as the studio, led by CEO Bob Bakish, looks to unload non-core assets after Viacom and CBS merged.
Read more »
Airports buck quarantine requirementsThe world’s airports (which, lest we forget, have been hit by the pandemic travel slump as hard as airlines have) are trying everything they can to push governments to enact policies to get people flying again
Read more »
Google says Australian antitrust law would hit small content creatorsGoogle says a proposed antitrust law in Australia forcing tech firms to pay for news that appears on their social media websites would adversely impact individual content creators and channel operators.
Read more »
Trump Administration Tightens Restrictions On Huawei AffiliatesThe US continues its crackdown against Chinese tech firms.
Read more »