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Short Take: CNET buys KillerApp

CNET, the publisher of News.com, said it has acquired KillerApp in a stock-for-stock exchange. KillerApp owns and operates a network of comparison shopping services for computer and consumer electronics products. CNET will issue about half a million common shares for all of KillerApp's stock. The acquisition brings consumer electronics to CNET's shopping services. As part of the acquisition, KillerApp's staff is expected to join CNET as employees.

CNET, the publisher of News.com, said it has acquired KillerApp in a stock-for-stock exchange. KillerApp owns and operates a network of comparison shopping services for computer and consumer electronics products. CNET will issue about half a million common shares for all of KillerApp's stock. The acquisition brings consumer electronics to CNET's shopping services. As part of the acquisition, KillerApp's staff is expected to join CNET as employees.