Joseph Weisenthal
Jan 17, 2008 6:02 PM
CNET (NSDQ: CNET) has filed financial data with the SEC showing what its numbers for the first three quarters of 2007 would have looked like without Webshots, which it sold to American Greeting for $45 million. The company has described Webshots as an underperforming asset; now it’s provided the numbers…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Photo Sharing, Companies, CNET, webshots
Joseph Weisenthal
Nov 28, 2007 4:58 PM
A month after acquiring Webshots from CNET, (NSDQ: CNET) American Greetings (NYSE: AM) is making a second buy in the online photo space: OTCBB-traded PhotoWorks for $26.5 million. The $0.595 per share offer represents a significant premium to today’s $0.26 close. PhotoWorks is a photo sharing site with an emphasis…
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Social Media, Photo Sharing, american greetings, webshots
Rafat Ali
Oct 25, 2007 11:33 PM
CNET (NSDQ: CNET) Networks reported its Q3 earnings today, and also announced the sales of Webshots. CEO Neil Ashe was pretty clear in the earnings conference call: he is ready to look at other brands the portfolio and sell them off too, if needed. Which other sites within CNET’s portfolio…
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Companies, CNET, neil ashe, webshots
Rafat Ali
Oct 25, 2007 3:24 PM
CNET (NSDQ: CNET) Networks has done its first online divestment for a while: it has sold its once-high-flying online photo sharing site Webshots, to American Greetings (NYSE: AM) for $45 million. Webshots is still among the biggest photo sharing sites, and certainly one of the originals in the space, but…
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Social Media, Photo Sharing, Companies, CNET, american greetings, webshots
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