It is being reported that CNN is in late stage talks to acquire social news and technology website Mashable for as much as $200m. If true it will be one of the last big independent blogs to be snapped up by a larger media owner. AOL bought the Huffington Post for $315m last year and in 2010 it also snapped up TechCrunch for around $30m.
Mashable pulls in a considerably larger audience than Techcrunch hence the speculated $200m price tag, which could herald a multimillion pound pay day for British founder Pete Cashmore. Read More