Ziff Davis Has Bought Mashable at a Fire Sale Price and Plans to Lay Off 50 People

Mashable, once a fast-growing digital publisher with big ambitions, has been sold at a fire sale price.

Ziff Davis, a digital media subsidiary of tech company J2, is buying Mashable for less than $50 million, according to people familiar with the transaction. In the spring of 2016, Time Warner’s Turner led a $15 million investment round that valued the company at $250 million.

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/ziff-davis-has-bought-mashable-at-a-fire-sale-price-and-plans-to-lay-off-50-people/
LinkedIn
Read More

Comments:

Your email address will not be published. Required fields are marked *