Both Reps Offer "No Comment":

Based on sightings of the two holding hands — and photos of Carey wearing a big ring Saturday night during a New York afterparty for her new film, "Tennessee" — various media reports, including one that appeared on People.com Monday (April 28), suggest that she may be[engaged].

During an interview at MTV, Nick says, "I can't even know what to say. She's probably the most festive, remarkable person I've ever met. Good friend." However, when asked by MTV News about a possible engagement, spokespeople for both Cannon and Carey had no comment.