CBS has announced its plan to acquire interactive media CNET for $1.6 billion or for $11.50 per share.

CNET Chief Executive Officer, Neil Ashe while announcing this decision, stated, “We are thrilled to join CBS and combine our interactive media experience with CBS’s world-class content. We look forward to taking our business and our brands to the next level.”

CBS and CNET own multiple sites and both the companies have been experiencing poor performance in the recent months. CBS which also owns last.fm and Wallstrip have a fairly low online presense.

CNET provides tech product reviews, daily videos, tech news, and free downloads. CNET also has a podcasts galore. It provides a huge database of MP3 players, hot cell phones, top digital cameras, fast computers, and other innovative gadgets. CNET’s  reviews, tech advice, and gadget blogs have all the bases covered.

Critics consider this as not a right move by CBS as CNET has been performing badly and its internet presence has seen a steady decline for the last 27 months.

As a result of this deal, CBS stock per-market trading has risen by 0.11 percent and CNET shares have increased to 42 percent.

Bill Gates, Chairman of the software giant Microsoft announced on Tuesday that the key decisions regarding companies withdrawal of the $47.5 billion bid for the search engine company Yahoo! Inc would be made by Chief Executive Officer Steve Ballmer.

Microsoft made a bid of $44.6 billion for Yahoo Inc. late February with the plans of having a monopoly in online advertising and internet search. However, Yahoo was not pleased with the offer and requested more. A $47.5 billion was in returned as bid by Microsoft. This again was rejected by Yahoo and finally Microsoft withdrew the bid later on Saturday.

Bill Gates made these remarks after a meeting with the South Korean President, Lee Myung-bak while he was on a short trip to South Korea.

A recent report from Newport Networks states that usernames and passwords for accounts related to Voice-Over Internet Protocol (VoIP) are widely sold higher than credit card accounts.

The telephone fraud though in its early stages, would certainly be of trouble if unnoticed and unaddressed.

Speaking to BBC, the Vice President of Products Dave Gladwin stated that credit card details are sold openly on the internet and can be easily purchased for $12. However, VoIP account information now fetch a higher price with $17 more than credit cards.

This issue would not affect businesses which offer voice-over IP services through a secure corporate network for its employees. However, consumers who use public networks or home wi-fi networks without security can be of trouble.

It is also shocking to know that 90% of all VoIP carriers do not have a secure VoIP service. To provide a secure VoIP, the subscriber has to pay approximately additional $4 for security.

The fraudster obtains VoIP account details and encodes it and sends it in a way that it can be easily captured and unobscured.