Mashable Set for a Hot Price Tag: CNN Might Grab the Site for Over $200M
What the Buzz Says
It looks like CNN is lining up a pretty hefty offer for that famous social‑media hub — Mashable, the brainchild of Peter Cashmore.
Sources claim the deal could exceed $200 million (around £128 million) and might sound off stage at the South by Southwest (SXSW) event in Austin, Texas.
Yet Cashmore has been keeping the hysteria in check by sending a quick memo to his team: “No acquire‑this‑week rumors. Chill out.”
CNN’s Quiet Response
CNN’s spokesperson, Christa Robinson, stayed dead‑straight, saying:
“We don’t engage in speculation about our business and we’re not commenting on these reports.”
So, the rumor mill keeps churning but no official confirmation yet.
Connecting the Dots
- Cashmore writes a daily column for CNN, so there’s already a finger in the pie.
- Mashable also partners with giants like ABC News and Yahoo — talk about a full‑fledged media conglomerate.
- He launched the site in 2005 from his Aberdeen apartment at just 19 years old, and it’s since ballooned to 50 million page views per month.
Why This Matters
If CNN hooks up with Mashable, they’re not just buying a website; they’re buying culture.
Imagine the headlines: “CNN Now Owns the Internet’s Most Relatable Blog.”
And for Cashmore, it’s a sweet upgrade from blogger to corporate tycoon with a few extra zeros in his bank statement.
TL;DR
CNN could buy Mashable for over $200M, but no official word yet.
Cashmore’s memo wants everyone to stay calm, while CNN keeps mum.
The deal would bring two major media players together and boost Yahoo, ABC, and other partners’ reach.
Stay tuned for updates. Stay curious. Keep scrolling!
