ViacomCBS In Talks To Sell Tech Website CNET

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ViacomCBS In Talks To Sell Tech Website CNET
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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.

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