• Login
No Result
View All Result
The Urban Twist
NEWSLETTERS
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion
The Urban Twist
No Result
View All Result
Home Tech Social Media

Has Mashable Agreed to $200 Million Buyout with CNN?

CNN is rumored to be in talks to purchase Mashable for over $200 million dollars.
  • By TUT Staff
  • /
  • March 12, 2012
Facebook
Reddit
Email

Word on the street is that CNN wants Mashable and they want them bad. They’ll reportedly pay more than the estimated $20 million value they paid of their biggest internet/tech based acquisition to date.

Mashable is a social media news reporting website that focuses on technology and social media.

In 2011 Mashable’s pageviews surpassed tech competitor TechCrunch while its various social media conferences have continued to sell out.

News of the potential acquisition came from Felix Salmon who wrote in his Reuters report that the announcement would be officially made by Tuesday afternoon.

CNN in the meantime have declined to comment on the Tuesday announcement while Mashable founder and CEO Pete Cashmore told his staff in an email that the “rumor going around on Twitter that Mashable will be acquired this week” is not true. Cashmore did not however directly deny possible CNN talks with his social company.

In his email Cashmore continued:

“Mashable’s one of the hottest brands here at SXSW and there’s bound to be rumors coming out of the festival. We’ve had a great presence here and I look forward to updating you guys when we get back.”

While the rumor hasn’t been validated, Mashable executive editor Adam Ostrow did “like” the Reuters story on Facebook.

It’s estimated that CNN will pay more than the $20 million to $25 million they used to acquire iPad reader app Zite. In comparison TechCrunch cost AOL $40 million to acquire with a slightly smaller user base.

Donation

Buy author a coffee

Donate
Tags: cnnMashableMashable Buyout
TUT Staff

TUT Staff

The Urban Twist is revolutionizing the news by delivering real-time coverage, breaking news, analysis and opinion on the arts, fashion, dining, music, events, politics, sports and society in general. It combines a highly regarded editorial team with a cutting-edge Web and mobile publishing platform to offer unique intelligence and insight.

From The Web

Related Stories

Related Posts

Nation

On January 6, CNN Juxtaposed Fox News Hosts’ Frantic Text Messages About Trump With Them Downplaying The Events: ‘They’re Not Journalists’

December 14, 2021
Nation

CNN Fires Unvaccinated Employees

August 5, 2021
Entertainment

During A Live Shot, A CNN Reporter Was Startled When A Cicada Crawled On Him

May 28, 2021
Music

Former 3 Doors Down Guitarist Matt Roberts Has Passed Away

August 22, 2016
News

Sarah Palin Defends Rush Limbaugh

March 7, 2012
Tech

Black In America: How Silicone Valley Culture Shuts Out Black Entrepreneurs

November 14, 2011

TRENDING HEADLINES

LATEST NEWS

Ryan Coogler’s ‘Sinners’ Delivers a Haunting Blend of History and Horror

Ryan Coogler’s ‘Sinners’ Delivers a Haunting Blend of History and Horror

Free-Spirited Songbird: Makhyli

Free-Spirited Songbird: Makhyli

2 months ago
Issa Rae’s Black Mirror Debut Sparks Mixed Reactions: Fans Question ‘Hotel Reverie’ Performance

Issa Rae’s Black Mirror Debut Sparks Mixed Reactions: Fans Question ‘Hotel Reverie’ Performance

3 months ago
NAACP Sues Department of Education Over Anti-DEI Orders Targeting Black Students

NAACP Sues Department of Education Over Anti-DEI Orders Targeting Black Students

3 months ago
Serena Williams Shuts Down Drake Shade Rumors After Super Bowl Cameo

Serena Williams Shuts Down Drake Shade Rumors After Super Bowl Cameo

3 months ago
Marvin Sapp Turns Viral ‘Close the Doors’ Moment into Gospel Anthem

Marvin Sapp Turns Viral ‘Close the Doors’ Moment into Gospel Anthem

3 months ago
  • Write For Us
  • Contact Us
  • Terms
  • Privacy
  • Copyright & DMCA
  • About Us
  • Fact Checking Policy
  • Corrections Policy
  • Ethics Policy
  • Ownership Policy
  • MarketersMEDIA Newswire​

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.