Current Events > CNET sold for $500 million

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Returning_CEmen
09/14/20 5:46:37 PM
#152:


JimmyFraska posted...
But I heard you were no longer the admin so how can that be true
Big, if true.
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Blue_Target
09/14/20 6:02:27 PM
#153:


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CE_gonna_CE
09/14/20 6:26:45 PM
#154:


Damn, bought for $1.8B and sold for $500M?

I blame Duckbear for that RoI.

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voldothegr8
09/14/20 6:29:49 PM
#155:


Oh myyyyyy
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SocialistGamer
09/14/20 6:32:01 PM
#156:


CE_gonna_CE posted...
Damn, bought for $1.8B and sold for $500M?

I blame Duckbear for that RoI.

Gotta be the creepy Vegy posts.
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PokemonExpert44
09/14/20 6:32:29 PM
#157:


Tag

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STEROLIZER
09/14/20 6:38:47 PM
#158:


Ouch.

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Jiggy101011
09/14/20 6:39:50 PM
#159:


CE_gonna_CE posted...
Damn, bought for $1.8B and sold for $500M?

I blame Duckbear for that RoI.

At least now we have an idea of how much Gamefaqs is worth in 2020.

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CADE FOSTER
09/14/20 6:45:22 PM
#160:


lol
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SomeLikeItHoth
09/14/20 6:49:45 PM
#161:


This website wont exist by next year.

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GregorTheBug
09/14/20 6:52:39 PM
#162:


I look forward to GameFAQS gold becoming a reality.

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CE_gonna_CE
09/14/20 6:56:57 PM
#163:


Jiggy101011 posted...
At least now we have an idea of how much Gamefaqs is worth in 2020.
TBF though, GameFaqs is just one component of CNET overall. Would have to see the balance sheets of all the components to see the breakout of that loss by entity.

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Darmik
09/14/20 6:58:28 PM
#164:


https://twitter.com/duckvalentine/status/1305572083309654016

Is GameFAQ's mentioned anywhere by name

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CyricZ
09/14/20 7:06:03 PM
#165:


Darmik posted...
Is GameFAQ's mentioned anywhere by name
It's part of Gamespot. It's in the URL.

I'm interested to see how this affects the Bounty program.

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CyricZ
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Into_The_LOL
09/14/20 7:10:54 PM
#166:


Thought it was a billion dollar company...
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Kimbos_Egg
09/14/20 7:42:22 PM
#167:


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#168
Post #168 was unavailable or deleted.
RockMFR
09/14/20 8:32:06 PM
#169:


Posting in legendary topic.

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Austin_Era_II
09/14/20 8:34:58 PM
#170:


I hope they just shut this websight with no mention. We all go on and it says error. I'm so sick of u all!!!

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Orlando_Jordan
09/14/20 8:36:18 PM
#171:


SBAllen put me in purgatory for being educated on the rarity of AK-47s in the United States.

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ZeroX91
09/14/20 8:44:12 PM
#172:


B-but i finally got in someone elses sig.... T-T

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Jiggy101011
09/14/20 9:56:21 PM
#173:


Darmik posted...
https://twitter.com/duckvalentine/status/1305572083309654016

Is GameFAQ's mentioned anywhere by name

Gamefaqs is the site that must not be named of the video game industry.

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BlAcK TuRtLe
09/14/20 10:27:19 PM
#174:


SBAllen posted...
I don't want to really say too much more until there's more to tell (I mean, the sale isn't even final yet), but I'll just say this.

ViacomCBS doesn't feel like CNET/GameSpot/etc are relevant to their strategy. To put it more bluntly, they aren't interested in us.

Red Ventures IS interested in us. They want us as part of their strategy. It isn't really in their best interest to buy up a property just to close it. Considering GameFAQs is a direct component of GameSpot now (that is to say, GameFAQs traffic is accredited to the gamespot.com domain), we are here to stay.
@SBAllen

Any thoughts on whether the sale will positively or negatively affect the Character/Game contests moving forward?

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BlAcK TuRtLe
09/14/20 10:27:43 PM
#175:


Jiggy101011 posted...
Gamefaqs is the site that must not be named of the video game industry.
GameFAQs is part of Gamespot

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Lairen
09/14/20 10:32:05 PM
#176:


But wait you mean the user submitted text guides and the voluntary mods wont keep this site afloat?

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STEROLIZER
09/14/20 10:51:08 PM
#177:


Red Ventures could theoretically do an audit and see where they want to put their efforts into. GameFaqs is in risk of shutting down. I doubt they will, but it is possible.

CNet was sold to CBS in 2008 for 1.5 billion dollars, and now Red Ventures acquires it for only 500k. Obviously, it wasn't making CBS any money, as they just took a 64% loss on their investment. It would be foolish of Red Ventures to simply keep all of the CNET employees and operate business as usual, they should be looking to strip down it's assets and turn a profit.

It is of note that GameFaqs wasn't even listed in the press release as one of the brands Red Ventures was excited to acquire. Only GameSpot, Metacritic, TVGuide.com, Chowhound, Roadshow, and ZDNet were mentioned.

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Bio1590
09/14/20 10:51:52 PM
#178:


GregorTheBug posted...
I look forward to GameFAQS gold becoming a reality.

This is one of my main takeaways.

Maybe not "GameFAQs Gold" as we've always joked about it but some kind of monetization.
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STEROLIZER
09/14/20 10:51:56 PM
#179:


BlAcK TuRtLe posted...
GameFAQs is part of Gamespot

Not really. Giant Bomb is tho.

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---( `\(o),,_/` : o : : :o `-,..............But a bottle of gin is not like love.
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Mezcla
09/14/20 10:53:59 PM
#180:


When I was in college, it was my dream to work for cnet. I watched all their videos and podcasts and just wished I could be one of them

Those were the days

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YellowSUV
09/14/20 10:56:14 PM
#181:


Gamefaqs biggest assest is probably how little it costs (relatively speaking) to run compared to the traffic it brings in. The site is practically all text based, to my knowledge there isn't really much paid staff, and most of the money comes from guides and answered questions posted totally free by volunteers.

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voldothegr8
09/14/20 10:56:28 PM
#182:


STEROLIZER posted...
It is of note that GameFaqs wasn't even listed in the press release as one of the brands Red Ventures was excited to acquire. Only GameSpot, Metacritic, TVGuide.com, Chowhound, Roadshow, and ZDNet were mentioned.

gamefaqs.gamespot.com

Gamefaqs is included when they say Gamespot
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BudDupree48
09/14/20 10:57:55 PM
#183:


I'm curious how my gfaqs stock is doing through all this

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Politics
09/14/20 11:46:41 PM
#184:




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(=
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BudDupree48
09/14/20 11:49:33 PM
#185:


"End of the internet" lmao

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#186
Post #186 was unavailable or deleted.
Cheater87
09/14/20 11:59:27 PM
#187:


I don't want this site to close. :(

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SmidgeIsntBack
09/15/20 12:03:18 AM
#188:


Red Ventures will be our Thalmor and ban all CJayC worship.

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ZeroX91
09/15/20 12:05:52 AM
#189:


metallica846 posted...
Nobody in here knows about LL?
Man people only know about lue thanks to rumors place has long since been quarenteened...why would any of us know anything about luelinks?

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BudDupree48
09/15/20 12:06:26 AM
#190:


Why would anyone care about lue

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ZeroX91
09/15/20 12:07:58 AM
#191:


BudDupree48 posted...
Why would anyone care about lue


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STEROLIZER
09/15/20 2:56:47 AM
#192:


voldothegr8 posted...
gamefaqs.gamespot.com

Gamefaqs is included when they say Gamespot

It is just for SEO purposes

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---( `\(o),,_/` : o : : :o `-,..............But a bottle of gin is not like love.
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BloodMoon7
09/15/20 3:02:43 AM
#194:


I only exist on Gamefaqs. If it dies, my soul will be forced to wander the internet space.

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DarthFrozanous
09/15/20 3:17:10 AM
#195:


Damn Ive been here since 2005 I cant imagine not having gamefaqs in my life. #savethesite

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RingoBell
09/15/20 5:23:40 AM
#196:


RockMFR posted...
Posting in legendary topic.

This.

Also, am I the only one who thinks RedVentures is looking to see who they can sell the CNET brand to in six months for $1.5b? I don't see them having any interest in GameFAQs, or even GameSpot for that matter.

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CosmicShadows
09/15/20 5:25:34 AM
#197:


Sweet
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Dark_SilverX
09/15/20 5:35:36 AM
#198:


Touch posted...
When asked about CNET being sold, SBAllen replied "There is nothing to worry about. We would never rip out the soul of gamefaqs.gamespot.com".
Reminds me of a job I had. They said "everything was fine and everybody was going to keep their jobs."

<_<

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SolidShadow3
09/15/20 5:45:39 AM
#199:


Wooooooorrrrrddddd.

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The Catgirl Fondler
09/15/20 5:48:08 AM
#200:


Well, shit, if this place shuts down I won't have anywhere else to go or anyone left to talk to.
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Asuka Kazama
09/15/20 5:49:07 AM
#201:




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#202
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