CNN To Buy Mashable For $200 Million

Mashable, a social news website, is reported to be in talks with CNN concerning a possible takeover. The talks are in an advanced stage and are said to be leading toward an acquisition according to some close to the matter. The story was reported in the New York Times this morning. A Reuters correspondent had reported last Saturday that such a deal may take place as early as Tuesday. Representatives of both companies refused to comment on the matter. on the matter warned that the talks were not a foregone conclusion and the merger may not happen. CNN...