Not every media co. executive out there has read my list of the best Web sites they should buy, but with another of the companies in the midst of a "deal," everyone should consider taking a look.
Budding Web site mogul Henry Blodget, who is famous for his lifetime ban from the securities industry, made what sounded like a tongue-in-cheek offer for a "reverse merger" with CNET earlier this week, before he realized what that term meant.
We originally referred to this proposed transaction as a "reverse merger." We have been advised that, in some circles, this term has a very specific definition that would not apply in this case. Thus, we have stricken the term from our offer.
And it's apparently a real offer. The Reuters MediaFile blog said they contacted Blodget, who "emailed us to say it’s a serious offer." CNET hasn't commented anywhere that I've seen.
Blodget might have a bit more work to do before convincing anyone he's serious. Portfolio's daily brief reported it this way:
In an indication of his festive mood, Blodget today announced a "friendly" merger offer for CNET: The tech news giant would buy SAI (Blodget's site, Silicon Alley Insider) for $50 million, and then Blodget and crew would take over the executive suites and presumably cure what ills CNET. It's nice to see that Blodget hasn't lost his sense of humor.
The bottomline in all of this: Even if this offer is a hoot, my list is for real.
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