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CBS Acquires $42 Million Stake in Office.com
Posted by: Andy Wang April 22, 1999 12:00 AM

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CBS (NYSE: CBS) has built an impressive Internet presence with investments in content companies like Marketwatch (Nasdaq: MKTW) and Sportsline (Nasdaq: SPLN). Now the media giant is focusing on e-commerce. Today, CBS announced a deal to acquire 1/3 of Office.com, a destination site for small businesses.

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