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CNN Mashable Acquisition Rumors Are Back

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CNN Mashable Acquisition Rumors Are Back
[ Business]

There were rumors going around at SXSW in April that CNN was in talks to acquire Mashable. Here’s what Reuters had to say about it at the time:

Mashable CEO Pete Cashmore at reportedly denied the rumors to Mashable staff.

Business Insider is now reporting, citing two unnamed sources, that Mashable execs have been preparing for an acquisition by CNN. Nicholas Carlson writes:

One source tells us that Mashable has audited its finances and sent them to Turner.

This source also says Mashable executives have been holding meetings to discuss which Mashable divisions will be integrated into CNN and which will not be. A second source close to Mashable confirms that executives have been working on a deal with CNN. This source speculates that the deal is 80% likely to close.

Personally, I like the idea of Conan O’Brien acquiring Mashable better:

CNN Mashable Acquisition Rumors Are Back
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  • http://talkic.com socially responsible network

    You could see that developing over the past few years particularly since CNN has been working so hard to appear to be connected while continuing to watch their ratings drop. Does anyone outside of the social media pro world know/care about Mashable?