Uploaded by FinancialNewsOnline on Mar 12, 2012
Time Warner's (NYSE:TWX) CNN is in talks to acquire website Mashable.com
Mashable reports on technology and social media news and has been privately held for seven years.
Last year, CNN.com acquire iPad app Zite for around $20- 25 million, which allows users to read and view what users are interested in reading.
A spokeswoman for Mashable declined to comment.
Time Warner (NYSE:TWX) has potential upside of 16.1% based on a current price of $36.38 and an average consensus analyst price target of $42.25.
Mashable reports on technology and social media news and has been privately held for seven years.
Last year, CNN.com acquire iPad app Zite for around $20- 25 million, which allows users to read and view what users are interested in reading.
A spokeswoman for Mashable declined to comment.
Time Warner (NYSE:TWX) has potential upside of 16.1% based on a current price of $36.38 and an average consensus analyst price target of $42.25.
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