Here is the news: Aberdeen's Zuckerberg to make $200m selling web firm to CNN

Scottish entrepreneur founded his social media news site after dropping out of university at 19

Pete Cashmore fell in love with the internet as a 13-year-old while recovering from an operation in his native Scotland. It was, he said, something useful he could do while laid up in bed.

Exactly how useful those teenage endeavours were is likely to be valued soon at a sum reported to be in the region of $200m as Mr Cashmore prepares to sell the company he founded to the global news network CNN.

Although there was no official confirmation of the acquisition of Mr Cashmore's Mashable, the world's most influential technology and social networking news site, online reports claimed the deal was already done and due to be announced later today.

However sources close to the negotiations indicated yesterday that no announcement was imminent this week.

If it comes off, the buyout will elevate the 26-year-old to the upper ranks of dotcom multi-millionaires and mark an extraordinary rise after dropping out of college aged 19 to concentrate on creating the company from his parents' home in Banchory, Aberdeenshire.

An obsessive blogger, Mr Cashmore has spent his young life charting the rise of Facebook, the iPad and other technological phenomena as they transformed the way the modern world communicates and consumes media.

Mashable has grown from a one-man operation to become one of the most trusted and tweeted sites on the internet. Based in New York and San Francisco, it now boasts 20m unique users a month. However, the founder did not tell his parents of its success until a newspaper reporter knocked on their door and asked about his life story. News of the deal was revealed by Reuters blogger Felix Salmon, who filed a video report breaking the story from the South by South West technology festival in Austen, Texas, where senior figures from both parties are based.

Although he cited only "a little bird" as a source, the story soon gained currency in the bloggersphere and was "confirmed" by the New York Times and – in a way – by a senior Mashable executive who "liked" the story on Facebook.

CNN declined to comment, dismissing the reports as "speculation".

Mr Cashmore was also uncharacteristically unforthcoming on the matter on Twitter, where he commands 2.7m followers, although he continued to post comments and links on other subjects yesterday. Mashable would not comment on reports.

However, while some media analysts suggested the $200m price tag was excessive, others said the two provided a compatible fit. CNN already syndicates news from Mashable and the company's founder is a contributor. Two years ago, Mashable was said to have been eyed up by another media giant, AOL, before it bought rival blog TechCrunch for $25m.

Dark, handsome, with a high profile social life, Mr Cashmore is also a fiercely-driven evangelist for new media who has been named a Briton of the Year and a young global leader at the World Economic Forum in Davos. "If it doesn't come through the internet, it's not really compelling to me. I don't have a TV or watch movies. I don't like to be broadcast to, I want to participate. The internet is an engaging experience. If I can't engage with it, it's frustrating and I don't feel I have any influence over it, so what's the point?," he has said.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Media

Ashdown Group: Marketing Manager - Manchester - Urgent Requirement!

£30000 - £35000 per annum + 20 days holidays & pension: Ashdown Group: Marketi...

Sauce Recruitment: Senior Management Accountant

£35000 - £40000 per annum: Sauce Recruitment: Working for a independently owne...

Sauce Recruitment: Senior Management Accountant

£17 - £20 per hour: Sauce Recruitment: Working for a independently owned and c...

Guru Careers: Mac Operator / Artworker

£Negotiable (DOE): Guru Careers: We are seeking a Mac Operator / Artworker to ...

Day In a Page

Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness
Homeless Veterans appeal: Homeless in Wales can find inspiration from Daniel’s story

Homeless Veterans appeal

Homeless in Wales can find inspiration from Daniel’s story
Front National family feud? Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks

Front National family feud?

Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks
Pot of gold: tasting the world’s most expensive tea

Pot of gold

Tasting the world’s most expensive tea
10 best wildlife-watching experiences: From hen harriers to porpoises

From hen harriers to porpoises: 10 best wildlife-watching experiences

While many of Britain's birds have flown south for the winter, it's still a great time to get outside for a spot of twitching
Nick Easter: 'I don’t want just to hold tackle bags, I want to be out there'

'I don’t want just to hold tackle bags, I want to be out there'

Nick Easter targeting World Cup place after England recall
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore