Reuters: CNN in Discussions to Acquire Mashable - Broadcasting & Cable

Reuters: CNN in Discussions to Acquire Mashable

Deal for social media news site could be worth over $200 million
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CNN is in discussions with the social media news site Mashable about a possible acquisition for over $200 million, Reuters is reporting, citing an anonymous source "familiar with the discussion."

The news was first reported by Reuters' blogger Felix Salmon in a video report here.

CNN has been expanding its social media efforts and last year bought Zite, which offers a news application for iPad.

In response to a B&C request for a comment on the report, a CNN spokesman noted "we do not engage in speculation about our business and we aren't commenting on those reports."

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