Report: CBS has agreement in place to acquire 247Sports
247Sports has emerged as one of the premier college football recruiting sites during the last several years.
Today, it has been reported that media giant CBS will be acquiring the website, which has partnered with CBS for the last three seasons.
The news is flowing in quickly from Sports Business Journal’s Eric Fisher:
Big news in digital sports media: CBS has signed definitive agreement to acquire @247Sports. More coming shortly in @sbjsbd
— Eric Fisher (@EricFisherSBJ) December 16, 2015
CBS has already held sales/content/distribution partnership w @247Sports for last 3 years. Full purchase now takes that relationship further
— Eric Fisher (@EricFisherSBJ) December 16, 2015
Lightning has also struck twice now for @sbterry247, who engineered sale of Rivals to Yahoo in 2007. He'll stay on to lead 24/7 for CBS
— Eric Fisher (@EricFisherSBJ) December 16, 2015
