Mashable, the social media website founded by Peter Cashmore, might be sold to CNN for more than $200m (£128m), according to reports.
Reporting from the South by Southwest conference in Austin, Texas, Reuters blogger Felix Salmon broke the story last night and said the sale could be announced as early as today.
However it is believed Cashmore has emailed employees to deny rumours that the news site “will be acquired this week”.
Commenting on the Mashable reports, CNN spokeswoman Christa Robinson, said: “We do not engage in speculation about our business and we aren’t commenting on these reports.”
In addition to Cashmore penning a regular column for CNN, Mashable boasts tie-ups with mainstream news sites such as ABC News and Yahoo!
Cashmore started Mashable as a blog in 2005, aged just 19, from his Aberdeen home. The blog has now become a news website boasting more than 50 million page views a month.
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