CNET Networks said Friday that it has acquired technology content specialist EDventure Holdings, including the company's array of IT industry publications and conferences. Founded by Internet notable Esther Dyson, New York-based EDventure is best known for its monthly magazine, Release 1.0, and its long-running annual business summit, 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 News.com.

How very odd.  Fine news for the marvellous EDventure team, I'm sure - but really the most surprising deal I've seen in a long time.

This entry was posted on Friday, March 19, 2004.
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