ViacomCBS Inc. is close to selling CNET Media Group to Red Ventures LLC, according to people familiar with the matter, as the entertainment giant sheds parts of its business to focus on video streaming. Red Ventures, a media and technology company, is expected to pay about $500 million to acquire the network of websites, which includes CNET, GameSpot and ZDNet, the people said. The deal could be announced as soon as Monday, assuming the talks don’t fall apart, the people said. Red Ventures’ initial interest in CNET was first...

Source: Wall Street Journal September 14, 2020 04:18 UTC