Mashable Is Sold To Ziff Davis
Twelve years after founding Mashable as a humble tech blog, Pete Cashmore announced to his employees in a memo on Tuesday morning that he sold the company to trade publisher Ziff Davis. He confirmed that there will be layoffs as a result of the transaction. Recode reported that 50 employees will be laid off. The company is not commenting on that number.
This article was originally posted on hollywoodreporter.com
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