Will CNN buy Mashable for $200M? (rumor)

March 12, 2012

CNN will reportedly buy social media blog Mashable for more than $200 million, according to Reuters blogger Felix Salmon.

Salmon said that a source told him that CNN will announce the deal on Tuesday. We are checking with Mashable for confirmation but are unable to confirm anything at the moment. If true, it would be the latest marriage of old and new media in a changing landscape of internet news.

The deal price is a big one, considering that Mashable was founded by Pete Cashmore from his home in Aberdeen, Scotland in July 2005. The company now has dozens of writers and has more than 50 million monthly page views. Cashmore himself has 2.7 million followers on Twitter.

Cashmore won the World Economic Forum’s Young Global Leaders award last year.

[Photo credit: Mashable]

Copyright 2012, VentureBeat

A screenshot of the Mashable Web site

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