CNN to Buyout Mashable?
14/03/2012
It has been reported that CNN is in ‘advanced talks’ to buy out social media blog Mashable.
The potential acquisition of the seven year old social-media news site could be worth around $200m and will be the News sites largest acquisition to date.
Mashable which was launched in 2005 by then nineteen year old Pete Cashmore has since grown into a hugely popular blog with twenty million unique viewers a month.
CNN Spokesperson, Christa Robinson has said, ‘We do not engage in speculation about our business and we aren’t commenting on these reports.’
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