CNET Networks agrees to acquire Webshots.CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Networks (San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA) has signed a definitive agreement to acquire Twofold Photos, Inc. (Redwood redwood: see sequoia; brazilwood. redwood or sequoia Coniferous evergreen timber tree (Sequoia sempervirens) of the family Taxodiaceae, found in the fog belt of west-coastal North America. Shores, CA) and its Webshots web site. Webshots is the leading web site in the photography category and has the largest publicly available collection of shared photo content. CNET will pay $60 million in cash and $10 million of deferred compensation. Launched in 1996, Webshots has a collection of over 58 million images with 300,000 new photos uploaded daily. The site has over 14 million visitors each month and over 20 million average daily page views. CNET said that its own and Webshots' audience are largely unduplicated. CNET chairman Shelby Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. said the purchase "is an outstanding example of strategically investing in assets that allow us to continue to fuel the growth of CNET." |
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