Leslie Moonves, President and CEO of CBS Corporation, announced this morning that CBS will make a cash tender offer for all outstanding shares of CNET Networks (owners of GameSpot) to acquire the company. The acquisition of the shares, valued at $11.50 a piece and equaling $1.8 billion altogether, has already been approved by CNET’s Board [...]

Electronic Arts has secured a loan commitment of up to $1 billion to aid in their efforts to acquire Take-Two, according to a recent SEC filing made by the company.
The funds, which come from a number of banks (Morgan Stanley, BNP Paribas, KeyBank), will be at EA’s disposal in the form of a senior unsecured [...]