Red Ventures completed the acquisition of CNET Media Group from ViacomCBS for $500m.

Red Ventures, a portfolio of digital brands, completed the acquisition of CNET Media Group, a digital media company, from ViacomCBS, an American diversified multinational mass media conglomerate, for $500m. "Over the last 25 years CNET Media Group has built a dynamic portfolio of brands with well-earned authority on such topics as consumer tech and gaming that play an increasingly important role in people's lives. Red Ventures is eager to invest in CNET Media Group's growth with more personalized consumer experiences that will reinvigorate CNET Media Group's brands and unlock unprecedented opportunity for all," Ric Elias, Red Ventures CEO.