Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of CNET Networks, Inc. - CNET

LITTLE ROCK, Ark., May. 15 /PRNewswire/ --

LITTLE ROCK, Ark., May 15 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC announces an investigation into the proposed acquisition of CNET Networks, Inc. . On May 15, 2008, CNET announced that it has entered into a definitive merger agreement with CBS Corp. Under the terms of the proposal, CNET shareholders would receive $11.50 per share in cash for each share owned and CNET would no longer operate as a publicly traded company. This price per share represents an approximately 45% premium over the stock's closing price of $7.95 prior to announcement of the acquisition. The proposed merger cannot be completed without the approval of CNET shareholders.

If you are a current shareholder of CNET Networks, Inc. and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below.

Cauley Bowman Carney & Williams, PLLC

Cauley Bowman is a national law firm that represents investors in securities fraud and corporate governance class actions. It is one of the country's premier firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance, forensic accounting specialists and extensive trial experience.

CONTACT Darrin L. Williams, Esq. Randall K. Pulliam, Esq. Kristi Gray 501-312-8500 1-888-551-9944 info@cauleybowman.com