CNN to buy Mashable for $200 mn

NEW DELHI, INDIA: International news giant CNN, a unit of Time Warner, is reportedly in talks to acquire the social news website Mashable for $200 million.

Mashable, an American news website and news blog founded by Pete Cashmore in 2005, specialises in technology and social media. The blog now also covers business and entertainment.

Mashable is said to have over 15 million monthly visitors and 4 million social media followers across Twitter, Facebook and Google+.

The Reuters blogger Felix Salmon has learned from an unnamed source that CNN will buy social media website Mashable for more than $200 million. The source said that the announcement is expected for Tuesday.