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.
We don’t know if the deal has closed yet, nor do we know price. Obviously, it may fall apart. This report, for example, won’t help negotiations. We only know that Mashable executives are preparing for a sale.
This has actually been rumored for a while — Reuters’ Felix Salmon suggested this was going to happen back in March, though there’s no word if the $200 million acquisition price he suggested will actually pan out. Word is that some of the site’s sections would merge into CNN proper.
10:39 // 1 year ago