BBC - Newsbeat - Mashable website 'to be sold for £130million' to CNN | New Digital Media | Scoop.it

CNN is reported to be in talks to buy the technology news website Mashable.com.

Launched in 2005 by then 19-year-old Scot Pete Cashmore, it has since become a hugely popular blog.

 

Now aged 26, Mr Cashmore is regularly named as one of the most influential people in the tech world.

 

His website, which claims to have 20 million unique users per month, is valued by some at £130 million.

 

However, one source quoted in the Wall Street Journal says CNN will never come close to paying that amount for the site.

 

Pete Cashmore's official biography on Mashable.com says he started the site to focus on "up-to-the-minute news on social networks and digital trends".

Although he started it from his bedroom in Banchory, Aberdeenshire, it's now headquartered in New York while Mr Cashmore splits his time between there and California.

 

via http://www.bbc.co.uk/newsbeat/17353480 ;

 

Mini Matmian►

 

Is this going to be a good thing, bad thing or make no difference at all? Personally, I think it depends on the type of editorial control CNN demand and the agenda behind it. Let us know what your thoughts are....