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CNET Acquires French Food Site Art Culinaire

By Rafat Ali - Wed 25 Oct 2006 02:46 PM PST

Update: I linked to the wrong site..the correct URL is Arts-culinaires.com.
Also from its conference call, CNET mentioned that it has made another niche site acquisition, this time in its growing foodie community sector..said CEO Neil Ashe on the call: “In France, we acquired Art Culinaire, which although small is one of the country’s most recognized food destinations. It provides recipes, directories and editorials for food aficionados. Over time, we expect to realize content synergies between Art Culinaire and CHOW. This acquisition marks our first move beyond our technology and video game categories in Europe, which is consistent with the strategy we are successfully employing here in the US. It builds upon our global strategy to expand outside of technology and gaming.”
CNET has been expanding in the food category and recently relaunched its food destination site Chow.com.

Posted in: Companies, CNET, Countries, UK & Europe, France, Money, VC+M&A



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