Blodget offers to take over CNET, sort of

December 19, 2007

Silicon Alley Insider’s Henry Blodget made an offer to take over the once thriving CNET tech news and reviews empire just months after calling it “geriatric.”

alleyinsider-logo.JPGWhat do you do if you don’t have the loot to actually do the deal? Well, reverse merge, of course, which is exactly what Blodget suggests.

He writes: We’ll agree to let CNET acquire us for a de minimus amount, say $50 million of stock, and once the deal is complete, we’ll take over the executive suites. We’ll implement our plan quickly, with the aim of significantly boosting the company’s value.Sound fair? We think so. We look forward to sharing our full plan with you in the next few weeks. In the meantime, thank you for your attention, and we look forward to chatting with CNET!

CNET hasn’t called us back yet. We also reached out to Blodget to see if he’s serious. More to come.

Update: Blodget emailed us to say it’s a serious offer. Still nothing from CNET.

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