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Report: CNN will buy Mashable for $200 million

12 Mar, 2012

Reuters blogger Felix Salmon reports that an unnamed source told him that CNN will buy Mashable for more than $200 million. The source says an announcement is expected for Tuesday (May 15). The New York Times reports that CNN denied that such an announcement would be made this week and declined to comment on the potential acquisition. Mashable, too, declined to comment. However, the Times reports that three people with knowlege of the talks said that CNN and Mashable are in advanced talks that may lead to its acquisition.

Cashmore e-mails his staff to say that the “rumor going around on Twitter that Mashable will be acquired this week” was not true.

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