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Report: Ziff Davis pays 'fire sale price' for Mashable

Published 12/05/2017, 02:31 PM
© Reuters.  Report: Ziff Davis pays 'fire sale price' for Mashable
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  • Ziff Davis' bargain purchase of Mashable may have been even a better deal than expected, coming at a "fire sale price."
  • The digital brand sold for less than the reported $50M, Recode reports -- just a year and a half after an investment round valued Mashable at $250M. That's not a good sign for digital media valuations.
  • Mashable wants to keep its site running with a refocus on tech and tech lifestyles, and with a smaller staff after laying off some 50 employees and offering others jobs elsewhere at Ziff Davis, Recode says.
  • Mashable founder Pete Cashmore is staying on.
  • Ziff Davis parent J2 Global (NASDAQ:JCOM) is up 0.3% today.
  • Now read: Jack Henry & Associates boosting payments unit with Ensenta buyout


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