CNN will reportedly buy social media blog Mashable for more than $200 million, Reuters blogger Felix Salmon said.

According to Venture Beat, Salmon said that a source told him that CNN will announce the deal on Tuesday, March 13. Mashable is unavailable to confirm anything at the moment.

The deal price is a big one, considering that Mashable was founded by Pete Cashmore from his home in Aberdeen, Scotland in July 2005. The company now has dozens of writers and has more than 50 million monthly page views. Cashmore himself has 2.7 million followers on Twitter.