Publisher Cnet confirmed today that it will buy online news service Silicon.com.
The announcement follows months of speculation that the US internet publisher of ZDnet.com and News.com was poised to snap up privately owned Silicon's UK publishing assets.
"Essentially what we announced today was that Cnet has signed a definitive agreement to buy the UK business assets of Silicon.com. That's just the UK business; Silicon France and Germany remain with the Silicon Media Group," Susan Rundle, marketing director of ZDnet UK told vnunet.com.
Rundle would not comment on what impact the deal would have on Silicon.com's UK journalists, sales and technical staff. However, she said that, of the 53 British staff, "we expect around 20 [Silicon] people to transition across to Cnet".
"Silicon was very successful in a lot of ways. But the exuberance of the dotcom era tripped it up," said Robin Bloor, founder of Bloor Research. "I hope that asset will not be completely destroyed by Cnet, but maybe it will."
A Cnet spokesperson refused to comment on the deal's financial terms.
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