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December 5, 2017 06:56 pm GMT
Publishing conglomerate Ziff Davis has officially bought online news site Mashable for a mere $50 million, according to Recode. The all-out sale of Mashable comes after the publisher reportedly tried and failed to secure additional funding throughout this year. Much of that failure may be due to a projected loss this year after pushing toward more video content. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xvxzKbBlPl0/
Mashable laying off 50 people as it refocuses toward tech news after fire sale to Ziff Davis
Publishing conglomerate Ziff Davis has officially bought online news site Mashable for a mere $50 million, according to Recode. The all-out sale of Mashable comes after the publisher reportedly tried and failed to secure additional funding throughout this year. Much of that failure may be due to a projected loss this year after pushing toward more video content. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/xvxzKbBlPl0/
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