CNN To Buy Mashable For $200 Million
CNN is reportedly in talks to buy social media and technology news website Mashable for $200 million.
Time Warner’s CNN is said to be working on its biggest acquisition to date. Reuter’s Felix Salmon on Sunday reported from Austin’s South by Southwest conference (SXSW) that CNN is currently on talks to buy the social media and technology website Mashable for “upwards of $200 million”.
Salmon also stated that CNN will likely announce the outcome within the week or as early as Tuesday. The New York Times’ Brian Stelter also confirmed that CNN and Mashable ‘are in advanced talks that may lead to an acquisition of the social news website’.
Mashable, a US-based social media news website founded by Peter Cashmore, has 20 million unique visitors per month and was named as one of the 25 best blogs in 2009 by Time Magazine.View Article Source »