This is more a media M&A but I’m including it here because CNET covers the technology industry…

NEW YORK and SAN FRANCISCO, May 15 — CBS Corporation (NYSE: CBS.A and CBS) has entered into an agreement to acquire CNET Networks, Inc. (Nasdaq: CNET), it was announced today by Leslie Moonves, President and Chief Executive Officer, CBS Corporation. Under the terms of the agreement, CBS will make a cash tender offer for all issued and outstanding shares of CNET Networks for $11.50 per share, representing an equity value of approximately $1.8 billion. The acquisition will make CBS one of the 10 most popular Internet companies in the United States, with a combined 54 million unique users per month, and approximately 200 million users worldwide.
(full press release)

CBS - http://www.cbscorporation.com/
CNET - http://www.cnet.com/

Updated: See coverage on TechCrunch:
- CNET CEO: “This Is An Exciting Day For Us”
- Why CBS Bought CNET, And Not The Other Way Around