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CBS has agreed to acquire CNET for $1.8 billion, which a 44% premium from yesterday’s closing price. Though I hate to use these terms because I consider it all media - old and new media continues to consolidate.
CNET is not just about technology news because they also own lots of entertainment properties including GameSpot.com, TV.com, MP3.com, and MovieTome.com.
I am very intrigued about Google Friend Connect and how easy it will be for any web site to add social networking features. I been saying this for awhile now, while social networks have value in terms of bringing my friends together into one site, eventually almost every single web site will have social networking features, it’s already happening.
I think the announcements from Facebook, MySpace and now Google will push this even further. On top of that they will be competing for web sites with turn-key social networking providers like Ning and KickApps.
So Facebook and MySpace had similar announcements last week but there seems to be a difference, at least from what I can tell right now without looking at the implemantations. Facebook and MySpace are trying to own the data and connections where as Google is trying to simply bring different pieces together OpenID, OAuth, and OpenSocial.
Before the party even started, it’s simply over. The two companies could not come to an agreement and Microsoft formally withdraws their bid.
What’s next for Yahoo and Microsoft after this? Microsoft now has $50 billion extra dollars for acquisition. Yahoo is left to make a deal with AOL or Google but is left struggling. It will be interesting to see what happens over the next few weeks.
My friend Jesse Zookmann’s first show is airing tonight on WNBC in the NYC/Long Island area.
My First Time: The Tribeca Film Festival will be airing on WNBC TONIGHT (Saturday) at 7pm and again at 1am after SNL. We follow 3 first time filmmakers to the Tribeca Film Festival who are looking to break into the film business with their hearts on their sleeves. If you don’t live in the tri-state area you can watch online after about 7pm EST on LX.TV.
It’s the first time he being credited as a show producer and it’s airing in primetime, a first for a documentary on NBC! Congratuluations Jesse, I am really proud of him! I am going to watch it online since I am in SF but if you are in the WNBC local area make sure you watch it and support the show!