Red Ventures’ $500 Million Acquisition of CNET Media Group


Shearman & Sterling represented ViacomCBS in the transaction.

ViacomCBS completed the sale of CNET Media Group to Red Ventures, a portfolio of more than 100 digital brands, for $500 million.

CNET, a leading global technology news brand, has grown over 25 years to cover all aspects of technology, including automotive coverage, Spanish-language coverage and now as CNET Media Group, encompasses an expansive portfolio of digital media brands that advise consumers across leading consumer tech, business tech, gaming, and entertainment media channels.

ViacomCBS is one of the world’s leading producers of premium entertainment content that connects billions of people in nearly every country in the world.

The Shearman & Sterling team advising ViacomCBS included Roger Morscheiser (Picture), Daniel Litowitz, Drew Elphick, Brian Lee, Creighton Condon, Laurence Levy, Jordan Altman, John J. Cannon, Nathan Tasso, Jessica K. Delbaum, James Webber, Jonathan Cheng, Lev Gaft, Matthew Mai, William Kim, Sophie Zander, Matthew Behrens, Y. Jingjing Liang, Adam Sternberg, Ryan Leske, Gabriella Griggs, Richard Porter, Anna Ling, Lavelle Simmons, Douglas Kim, SeungMoon Lee, Noni Nelson, and legal assistant Myles Odermann.

Involved fees earner: Jordan Altman – Shearman & Sterling; Matthew Behrens – Shearman & Sterling; John Cannon III – Shearman & Sterling; Jonathan Cheng – Shearman & Sterling; Creighton Condon – Shearman & Sterling; Jessica Delbaum – Shearman & Sterling; Drew Elphick – Shearman & Sterling; Lev Gaft – Shearman & Sterling; Gabriella Griggs – Shearman & Sterling; William Kim – Shearman & Sterling; Ryan Leske – Shearman & Sterling; Laurence Levy – Shearman & Sterling; Jingjing Liang – Shearman & Sterling; Anna Ling – Shearman & Sterling; Daniel Litowitz – Shearman & Sterling; Matthew Mai – Shearman & Sterling; Roger Morscheiser – Shearman & Sterling; Richard Porter – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Nathan Tasso – Shearman & Sterling; James Webber – Shearman & Sterling; Sophie Zander – Shearman & Sterling; Brian Lee – Sherman & Partners;

Law Firms: Shearman & Sterling; Sherman & Partners;

Clients: ViacomCBS ;

Author: Ambrogio Visconti