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Short Take: Amerindo invests $17 million in CNET

CNET has sold 733,000 shares of its common stock, at $24.75 per share, in a private placement totaling $18.1 million. Amerindo Investment Advisors purchased 700,000 shares, representing approximately 4.8 percent of the company; USA Network purchased 25,000 additional shares to maintain its proportionate equity stake in the company; and Douglas Woodrum, CNET?s new CFO, purchased 8,000 shares. Including the shares issued today, CNET?s total number of common shares outstanding is 14,683,000.

CNET has sold 733,000 shares of its common stock, at $24.75 per share, in a private placement totaling $18.1 million. Amerindo Investment Advisors purchased 700,000 shares, representing approximately 4.8 percent of the company; USA Network purchased 25,000 additional shares to maintain its proportionate equity stake in the company; and Douglas Woodrum, CNET?s new CFO, purchased 8,000 shares. Including the shares issued today, CNET?s total number of common shares outstanding is 14,683,000.