Nick Tippmann
While SXSW hasn’t had any break out hits like in the past with Twitter, Foursquare or the now defunct Gowalla, that doesn’t mean there hasn’t been major News coming from it. Reuters Blogger Felix Salmon is reporting that he has been told from a close source that CNN which is at SXSW for the first time, will be buying Mashables for upwards of $200 on Tuesday.
In the past major companies buying a Tech site hasn’t worked out so well, AOL, however, if CNN lets Mashable’s be them selves, this should great help both sides. So while SXSW for new Start-Ups may have been a bust, at lest we got one major News coming out of Austin this year. Its also unclear as of now if the management will stay the same, or movement will have to happen.
Here’s looking at Tuesday kids…
Source: Reuters
