Monday, March 12, 2012

Mashable Sells Out


Rumors are flying that CNN is paying upwards of $200 million to Acquire Mashable.

The deal is expected to be announced on Tuesday.

Pete Cashmore
Mashable describes itself as the largest independent online news site dedicated to covering digital culture, social media and technology. With more than 20 million unique monthly visitors, Mashable has one of the most engaged online news communities. Founded in 2005, Mashable is headquartered in New York City with an office in San Francisco.

If true this certainly give new meaning to the name Pete Cashmore.

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Original content Bob DeMarco, All American Investor