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How much will CNN have paid to acquire Mashable?

What is the rumored buy out price that CNN is paying to acquire Mashable.com?


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According to rumors, CNN will be buying Mashable.com, a blog that covers social media-related news for “upwards of $200 million”. The NYT has three sources telling them that the two companies have been in ‘advanced talks’ about a potential acquisition of Mashable by CNN, but that a deal could still fall through.

Founded in 2005 in Aberdeen, Scotland, by 22 year-old Pete Pete Cashmore, Mashable says it currently boasts 20 million monthly unique visitors and 4 million social media followers. The blog is headquartered in New York City, with an office in San Francisco.
Mar 12th, 2012 at 12:40 PM
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