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CNET Buys Two Chinese Sites

PaidContent: CNET Buys Chinese Portal For $16 Million

CNET, along with reporting hefty quarterly revenues, announced it is in the process of acquiring two Chinese websites, ZOL and Fengniao. The transactions will cost CNET $16 million. ZOL is a CNET-like site focusing on Northern China. Fengniao is a digital photography site, an area of interest that CNET has been avidly pursuing.

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CNET Buys Two Chinese Sites

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