Time Warner was an early suitor, according to Politico
Mashable may be up for sale, according to a new media report.
The social news site could fetch $300 – $350 million, according to Politico.
The site also reports Time Warner was an early suitor interested in buying the 10-year-old company led by CEO Pete Cashmore.
In January, Mashable was valued at $180 million, and Politico says insiders familiar with the potential sale caution it could sell for closer to $250 million.
Also Read: Mashable to Distribute First Feature Film “CodeGirl”
The new report comes toward the close of a year that has shaped up to a be one in which media companies raked in big dollars from investors and buyers.
In September, German media company Axel Springer announced plans to purchase 88 percent of Business Insider for $343 million, valuing the site at a stunning $390 million. The deal increases Axel Springer’s stake in Business Insider to 97 percent.
Other big-dollar deals involving digital media companies include NBCU investing $200 million in viral news and video site BuzzFeed in August, NBCU investing $200 million in Vox Media, parent company to popular explanatory politics site Vox in August, and Vice Media raising $500 million between A +E Networks and Technology Crossover Ventures in September.
TheGrill 2015 Exclusive Speaker Portraits (Photos)
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Brian Robbins
CEO, AwesomenessTV and Films
Brian Grazer
Academy Award-Winning producer and Chairman of Imagine Entertainment
Danny Strong
"Empire" Co-Creator and Executive Producer
Van Toffler
CEO & Content Creator
Jason Hirschhorn
CEO, REDEF
Joseph Kapsch
Executive Editor, TheWrap
Nigel Lythgoe
Executive Producer, "So You Think You Can Dance"
David Lyle
President, PactUS
Allison Grodner
"Big Brother" Executive Producer
Will Palmer
Co-Founder & Chief Executive, Movio
Chris Sacca
Founder & Chairman, Lowercase Capital
Josh Goldstine
President, Worldwide Marketing, Universal Pictures
Rick Hess
Founder & Co-Managing Partner, Evolution Media Capital
Jesse Jacobs
President, The Chernin Group
Aaron Levie
Chief Executive Officer, Co-Founder & Chairman, BOX
Mark Terbeek
Partner at Greycroft Partners
Christian Meinberger
SVP, Content Programming & Production, Studio71
Sanjay Sharma
President & COO, All Def Digital
Steven Amato
CEO & Chief Content Officer, Contend
Joseph Atkinson
US Advisory Leader for the Entertainment,
Media & Communications Practice, PwC
Roger Pollock
SVP & Head of International Marketing, IMAX Corporation
Paul Yanover & Josh Goldstine
Adam Smith
President, Entertainment, at United Entertainment Group (UEG)
Dana Goldberg
CCO, Skydance Media
Keith Clinkscales
CEO, REVOLT Media & TV
Tobias Bauckhage
CEO & Co-Founder, Moviepilot
Penney Finkelman Cox & Sandra Rabins
Co-Presidents, Original Force Animation
Dawn Ostroff
President,
Condé Nast Entertainment
Julia Boorstin
Senior Media & Entertainment Correspondent, CNBC
Elan Lee
Co-Creator, Exploding Kittens
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Brian Robbins, Ynon Kreiz, Ben Silverman, Brian Grazer, Danny Strong, Dawn Ostroff, Nancy Dubuc, Nigel Lythgoe among featured speakers at TheWrap’s annual media leadership conference