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World News Network said it is in advanced talks to buy the site for social media news Pete Cashmore founded in 2005

. How Mashable Pete Cashmore became Playboy Internet to target CNN

CNN is about to buy social media site Mashable to "over 200 million dollars," according to reports.

global news network, which is owned by Time Warner, is said to be in advanced talks to acquire the site that was founded by Pete Cashmore Scot in 2005.

Reuters blogger Felix Salmon, reports the South by Southwest conference in Austin, Texas, said the sale could be announced as early as Tuesday in a contract worth more than $ 200 million (£ 128m) .

The New York Times reported Monday that the two companies were in advanced negotiations.

Mashable made a name covering social media and new technologies, but has extended its brief to cover business and entertainment.

who already has links with a number of news sites, the site of CNN technological advance for holders of Mashable and a column written by Cashmore. is a little over a year since I spent $ 315 million AOL buys the Huffington Post in February 2011. With offices in New York and San Francisco, Mashable has more than 20 million unique visitors monthly.

He said that the Internet called because it was "something I could do in bed and I feel I was accomplishing something."

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