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11:35 AM ET, May 15, 2008


 Top Items: 
Joseph Weisenthal /
BREAKING: CBS Acquiring CNET For $1.8 Billion; 44.6 Percent Premium  —  CBS (NYSE: CBS) is acquiring CNET (NSDQ: CNET) for $1.8 billion in cash.  The purchase price comes to $11.50 per share, representing a 44.6 percent premium over last night's closing price of $7.95.
PR Newswire:
CBS Corporation To Acquire CNET Networks, Inc.  —  CBS to Become a Top Ten U.S. Internet Company with Unparalleled Content and Reach, Boasting Approximately 200 Million Monthly Unique Users Worldwide  —  CNET Networks' CNET, ZDNet,,, CNET News, UrbanBaby, BNET …
Peter Kafka / Silicon Alley Insider:
CBS Buying CNET For $1.8 Billion; CBS Predicts $1 Billion Interactive Revenues By 2010  —  CBS will pay $11.50 a share for CNET.  The all-cash deal represents a premium of 44% above the $7.95 CNET closed at yesterday.  Will it be enough to satisfy JANA et al?
Margaret Kane / CNET
CBS to buy CNET Networks  —  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.
Staci D. Kramer /
CBS-CNET: Interview: Leslie Moonves, CEO, CBS: ‘Right Opportunity, Right Time, Right Price’  —  Just got off the phone with CBS CEO Leslie Moonves in his first interview following the announcement that CBS (NYSE: CBS) will acquire CNET (NSDQ: CNET) for $1.8 billion in cash.
Larry Dignan / Between the Lines:
We've been acquired: CBS buys CNET
Discussion: CenterNetworks
Lauren Pollock / Wall Street Journal:
Icahn Moves to Oust Yahoo Board  —  Billionaire Hopes to Revive a Deal with Microsoft  —  Billionaire investor Carl Icahn officially launched a proxy contest to unseat Yahoo Inc.'s board, writing in a letter to Chairman Roy Bostock “the board of directors of Yahoo has acted irrationally …
Brian Caulfield / Forbes:
Advice For Jerry Yang  —  Steve Kirsch is one of a handful of people who can appreciate what Yahoo! Chief Executive Jerry Yang is facing right now.  —  The entrepreneur and former chief executive of Infoseek, a search engine that has withered away since being acquired by Disney, thinks Yahoo! …
Roy Bostock / PR Newswire:
Wall Street Journal:
Icahn Will Launch Proxy Contest To Unseat Yahoo's Entire Board  —  Billionaire investor Carl Icahn is launching a proxy contest to unseat Yahoo Inc.'s board of directors, according to a person close to the matter — a move aimed at pressuring the Internet company to reach out to Microsoft Corp. to re-start sale discussions.
Juan Carlos Perez / Computerworld:
Icahn takes on Yahoo board
Joseph Weisenthal /
Icahn Confirms Stake And Proxy Fight; Pushing For Microsoft; Mark Cuban On List
Andrew Ross Sorkin / New York Times:
Icahn Proposes Dissident Yahoo Board
Discussion: Wall Street Journal
Eric Savitz / Tech Trader Daily:
At The Churchill Club: The Top 10 Tech Trends  —  I'm at the Fairmont Hotel in San Jose tonight, for the Churchill Club's annual Top 10 Tech Trends Dinner.  This is the club's 10th annual tech trend panel.  Making the picks:  — Steve Jurvetson, Draper Fisher Jurvetson.  — Vinod Khosla, Khosla Ventures.
Mike Ricciuti /
Adobe set to test new Flash Player  —  Adobe on Thursday is expected to launch a beta test program for the latest version of its Flash Player software.  —  Flash Player 10, developed under the code name Astro, includes better support for 3D animation and video hardware acceleration, among other improvements.
Adobe Labs:
Beta Release Notes
Hank Williams / Why does everything suck?:
Adobe Introduces P2P Flash Player, Kills CDNs
Discussion: Adobe, The Mac Observer and Compiler
Greg Sterling / Search Engine Land: Buying Lexico, Owner Of  —  In a move that is interesting and perhaps even surprising for several reasons, IAC/Ask is buying Lexico Publishing Group, which owns and operates “iconic” domains, and
Michael Arrington / TechCrunch:
Confirmed: Comcast Bought Plaxo, Deal Closed Today  —  The rumors were accurate: Comcast will announce their acquisition of social contact list Plaxo today.  Financial terms are not being disclosed, but the purchase price is between $150 and $170 million.  Plaxo, which was founded in 2002 …
John / Plaxo's Personal Card:
Comcast to Acquire Plaxo; Pulse to Become Central to Creating Unified …
Thomas Ricker / Engadget:
Nintendo ordered to pay $21 million to patent troll  —  Remember Anascape Ltd, the little “gaming company” that sued Microsoft and Nintendo back in 2006 for controller patent infringement?  Well, it's payday to the tune of $21 million after a jury found Nintendo's Wii Classic, WaveBird …
Discussion: Electronista
Associated Press:
Nintendo hit with $21 million patent infringement
Discussion: CNET and Gizmodo
Cade Metz / The Register:
Verizon shuns Android for LiMo  —  Sometime next year, Verizon will roll out a Linux OS as the “preferred operating system” for phones on its US wireless network.  And that Linux OS is not Google Android.  —  But the big-name telco says it has no objections to selling Android phones as well.
Discussion: Ars Technica
Scott M. Fulton, III / BetaNews:
Android faces a tougher battle, with Verizon and Mozilla backing LiMo
Mike Jones / Official Google Maps API Blog:
Introducing the Google Maps API for Flash  —  Here at Google, we receive a lot of feature requests - and it feels great every time we fulfill one of them.  The ability to utilize the power of Google Maps from Flash is one of those requests that has been popping up on blog posts and other forums since …
Seth Schiesel / New York Times:
O.K., Avatar, Work With Me  —  WHAT'S ON TV?  —  WHEN Nintendo released the Wii 18 months ago, it upended the notion of what video games could be.  Moving beyond the sunlight-deprived young men at gaming's core, Nintendo appealed to the rest of the world with an intuitive, family-friendly entertainment experience.
Discussion: Smart Mobs
Jack Schofield / Guardian Unlimited:
Intel disclaims ZDNet report over larger iPhone or internet tablet  —  The Mac rumour sites have been buzzing about the idea of a MID (Mobile Internet Device) that could be considered an ultramobile Mac or large iPhone, especially since it was apparently “confirmed” by Hannes Schwaderer from Intel Germany.
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Christoph Oehler / Google LatLong:
More ways to find more than ever
Wireless Substitution: Early Release of Estimates From the National …
Paul Miller / The Semantic Web:
Commercialising the Semantic Web
Gerry Block / IGN:
Pelican Metal Gear Solid 4 Bluetooth Headset
Discussion: Gizmodo and Engadget
Michael Arrington / TechCrunch:
Amazon May Sell $750 Million In Kindles by 2010 (That's A Lot Of Kindles)
Frank Jordans / Associated Press:
Swiss man soars above Alps with jet-powered wing
Discussion: Switched
David Eaves / SEOCO:
Yahoo! Gets With The IP Delivery
 Earlier Items: 
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Ionut Alex Chitu / Google Operating System:
Google Doctype, an Encyclopedia for Web Developers
Stephen Baker / Blogspotting:
The Twitter Story I've been working on
Mark Hendrickson / TechCrunch:
Amazon Funds Animoto Music Video Creator
Discussion: VentureBeat and The Next Web
Liz Gannes / NewTeeVee:
NBC Direct, Take Two, Out for Testing
Mark Hendrickson / TechCrunch:
Strands Absorbs Another Personal Finance Company
Alex Iskold / ReadWriteWeb:
The Rise of Contextual User Interfaces
Richard Verrier / Los Angeles Times:
Actors don't want to lose grip on Web clips
Discussion: Podcasting News