Corporate Raiding 80's Style: Icahn Hits Yahoo, CBS Rescues CNET

The big merger news this week was supposed to come Friday with the expiration date of Electronic Arts' (ERTS) hostile takeover for Take Two (TTWO). Unfortunately, a number of people didn’t get the memo. Instead, Thursday became the big day for M&A activity with not one but two major announcements lighting up the news wires. On one front, CBS (CBS) stepped up to rescue CNET from the grips of activi

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Seth Gilbert predicts, "Three major deals in a week – two of them hostile and one something of a white knight rescue… it almost seems like we’ve slid back to the 80’s."

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Seth Gilbert introduces CNET-CBS deal: "“The core business of CNET and CBS Interactive represent near-perfect category symmetry in premium online content,” explained Quincy Smith, head of CBS Interactive(.....)It’s an interesting prospect."