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Wow! CNN in talks to buy Mashable for $200m

by sbucciarel Banned
1 replies
CNN in talks to buy Mashable for $200m | Media | guardian.co.uk

CNN is on the verge of buying social media news website Mashable for "upwards of $200m", according to reports.

The global news network, which is owned by Time Warner, is said to be in advanced talks to acquire the site which was founded by Scottish-born Pete Cashmore in 2005.

Reuters blogger Felix Salmon, reporting from the South by Southwest conference in Austin, Texas, said the sale could be announced as early as Tuesday in a deal worth more than $200m (£128m).

The New York Times reported on Monday that the two companies were in advanced talks.
#$200m #buy #cnn #mashable #talks #wow
  • Profile picture of the author ryanman
    200 million is some serious money. The site was started in 2005, it's amazing to see the kind of success which can be achieved online in a short span of time.
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