CBS Buys WallStrip | Confirmed

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WallStrip LogoWe got wind of an unconfirmed rumor last week that CBS was going to acquire the stock market video blog WallStrip. It has now been confirmed on the WallStrip Blog.

“Yep, CBS has made the absolute genius decision to burn through a piece of their $1.8 billion in Cash Flow to buy/own Wallstrip,” said Howard Lindzon, the founder of WallStrip.

The final value of the deal has not been disclosed although it has been said that it was not the $5 million we originally thought it was.

[Via Howard Lindzon’s WallStrip Blog]