“‘It seems the rumors reported earlier today by TechCrunch were spot on, and Wired is the proud new owner of Ars Technica. In a call to Alexandra Constantinople, Executive Director of Communications for Wired, she confirmed that, “the story is accurate, but (Wired) won’t be issuing an official statement until next week.” –Mashable

“CBS has agreed to acquire CNET Networks in a deal valued at $1.8 billion, the companies said Thursday. The purchase price comes to $11.50 per share, representing a 44 percent premium over Wednesday’s closing price of $7.95. The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and about 200 million users worldwide, the companies said.” –CNET

Evolution Of Blogging

“Comcast has acquired Plaxo in a move that aims to make the cable giant’s interactive portfolio more social and potentially bring a little Web 2.0 to your set-top box. –ZDNet

“Late last week, Icahn built a significant position in Yahoo that may be as much as 50 million shares worth more than $1.2 billion. While other activist investors had considered mounting a fight to replace all of Yahoo’s board, they stood down from that effort when they were unable to confirm that Microsoft would support them. –MSNBC

“The phrase perfect storm is borrowed from the 1997 book The Perfect Storm. The phrase refers to the simultaneous occurrence of events which, taken individually, would be far less powerful than the result of their chance combination. Such occurrences are rare by their very nature, so that even a slight change in any one event contributing to the perfect storm would lessen its overall impact.” –Wikipedia

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