CNET Sells Webshots to American Greeting and Takes a $25 Million Loss

Various places on the internets are reporting that CNET just sold their photo sharing site Webshots to American Greeting for $45 million. This is $25 million less than the $70 million ($60 million in cash and $10 million in deferred comp) that they paid for it three years ago.

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  1. Ian Crane says:

    that was a great website about, 8 years ago. just alittle behind the times anymore.