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CNET Networks buys EDventure Holdings

CNET Networks said Friday that it has acquired technology content specialist EDventure Holdings. Founded by Internet notable Esther Dyson, New York-based EDventure is best known for its monthly newsletter, Release 1.0, and its long-running annual business conference, PC Forum.

Under the terms of the cash and stock transaction, the value of which was unspecified, both Dyson, EDventure's chair, and Daphne Kis, the company's chief executive, will join CNET, the publisher of Dyson will become editor at large of CNET's Business Technology Division. CNET said it would add EDventure's subscription-based publications to its existing business technology brands, which include, ZDNet and TechRepublic. Among the expected benefits to CNET from the buyout are strengthened ties to senior IT executives and increased access to audiences in the financial and political sectors, and among technology start-ups.