Mashable and Business Insider Close Large New Financing Rounds

By: Mathew Ingram | GigaOM

Mashable announced late Wednesday night that it has closed a new round of financing worth $17 million, led by Time Warner Investments — the venture-capital arm of the New York-based media conglomerate — and Business Insider is close to announcing its own new round of funding, said to be worth $25 million and led by German media giant Axel Springer, according to a report in the Wall Street Journal.