Official statements from Ziff Davis and CNET, media reports

Digital Media Giant Ziff Davis Acquires CNET from Red Ventures for Over $100 Million

Aug 6, 2024, 11:06 AM

Ziff Davis, a prominent digital media company, has acquired CNET from Red Ventures for over $100 million. CNET, an early pioneer in online tech coverage, has changed hands multiple times over the years. In 2002, CNET bought Ziff Davis for $1.6 billion. CBS acquired CNET in 2008 for $1.8B, and Red Ventures bought it in 2020. This acquisition marks a significant moment as Ziff Davis, which owns other notable tech publications like Mashable, PC Mag, and Lifehacker, reunites with CNET after previously being bought by CNET in 2000. The deal is seen as a positive move for CNET's future, with Ziff Davis recognized for its expertise in managing media properties.