Rumor : CNN To Buy Mashable For $200+ Million

CNN is rumored to announce a major deal this week. A blogger who started one of the world's biggest social media websites from his Scottish bedroom because it was 'something to do without getting out of bed' is set to become a multimillionaire amid the likely sale of the site to U.S. news giant CNN for $200million. 

The whole web is noisy with that hearsay that the most popular news site is about to make an acquisition of Mashable by paying over 200+ million.If the hearsays is true, than these turns come out to be the greatest ever known tech news acquisition for such a huge money. Both the teams have refused to discuss this fast spreading hearsay. Until any site makes it official announcement, this information continues to be a mere hearsay and leaves both the fans with much anticipation to hear the official announcement.

The New York Times confirmed on Monday that CNN was in advanced talks to acquire the website, but reported that network representatives denied a deal would be announced on Tuesday. The Times also reported that sources familiar with the situation advised it could fall through.

CNN currently uses some of Mashable's stories in syndication on CNN.com. Multiple news outlets have reported that the division of Time Warner would purchase the website for roughly $200 million. 

Mashable covers everything browsing from funny YouTube videos to the latest released gadget in the tech world.Mashable founder by Pete Cashmore in the year 2005, the site is ranked at 202 in Alexa Rank, and also Mashable getting attracts over 20 million page views every month.

According to the website, Mashable has 20 million unique vistors per month and 4 million social media followers. Mashable was founded in 2005 by Pete Cashmore in Aberdeenshire, Scotland. The company is headquartered in New York City and has additional offices in San Francisco.

CNN may do a better job, if they let Mashable be what Mashable is rather than try to force it into new and uncomfortable shapes. But major news organisations trying to sprinkle themselves with tech-startup stardust often end up looking like a dad borrowing their teenage kid's iPod for an office party. CNN now has access to a moneyed, educated, cool young audience. Now they just have to do something with it.