CBS Will Acquire 35 percent stake in Medscape

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News broadcaster CBS Corp., New York, announced this month that it will acquire a 35 percent stake in an online health and medical information provider Medscape Inc., New York, to complement its healthcare programming.

Under the terms of the agreement, Medscape ( will be able to use the CBS trademark and logo as well as promotion and branding, valued at $150 million over a seven year period.

The radio subsidiary of CBS, Infinity Broadcasting Corp., also will receive a pro rata share of the investment.

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