CNET acquires Killer App..

from the there-goes-another-one dept

CNET acquired Killer App this morning for 500,000 shares of its stock.. That makes it about a $49 million deal. Nifty.
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  • identicon
    Prash, 23 Mar 1999 @ 12:28pm

    49M?

    Not sure if they are worth 49M. They have a nice site with plenty of product detail info. But typically these deals are valued on traffic as well as content. I wonder how much traffic Killer App has compared to CNET's own Shopper.com.

    link to this | view in chronology ]

    • identicon
      Dan Miller, 23 Mar 1999 @ 12:56pm

      Re: 49M?

      KillerApp is a really good site. I'm not a business guy so I won't comment on the purchase price, but they have a lot to add to the Shopper.com site, especially in the area of consumer electronics coverage. This is a key purchase point.

      CNET Shopping Services will dominate... :-)

      --Dan

      link to this | view in chronology ]


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