A subsidiary of tech company j2 Global
Mashable bought by publisher Ziff Davis
CEO and founder Pete Cashmore will remain at Mashable
New York - AFP
Struggling online news site Mashable is set to be bought by Ziff Davis, a subsidiary of tech company j2 Global, a spokesman said Tuesday.
The once-vaunted outlet, which was valued at $250 million less than two years ago, will be sold for less than $50 million according to Recode, which first reported the acquisition.
Mashable has been in trouble for several months after failing to live up to huge growth rates it had promised investors.
Much of the decline is attributable to Google and Facebook's growing chokehold on the online advertising market.
The existence of talks between the two parties was reported by the Wall Street Journal last month.
Recode reported that Ziff Davis plans to ax around 50 positions and refocus Mashable on technology, which was its niche before it branched out to other areas including politics and pop culture.
Ziff Davis is known for managing several highly specialized sites including AskMen, PCMag and IGN in its four core areas of technology, gaming, healthcare, and shopping.
Mashable's founder Pete Cashmore, who started the site as a blog in 2005 when he was 19, will remain at the company
GMT 05:37 2018 Sunday ,14 January
Facebook move will play outGMT 07:00 2017 Saturday ,09 December
Apple to buy music recognizingGMT 07:44 2017 Saturday ,18 November
Murdoch's Fox in talks with multiple buyersGMT 08:49 2017 Sunday ,24 September
Google looking to help news outletsGMT 08:51 2017 Wednesday ,06 September
New York Daily News sold for $1
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 12:53 2017 Wednesday ,01 February
Underlines opposition shock for the recent shift
GMT 17:49 2017 Friday ,22 September
Saudi-Bahraini fraternal relations hailed
GMT 09:10 2017 Friday ,22 December
Catalans vote in bid to solve independence crisis
GMT 04:04 2016 Sunday ,02 October
Hammond: Brexit deal should not harm economy
GMT 11:24 2016 Friday ,08 July
Japan satellite made 'surprise' find
GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
GMT 19:34 2017 Friday ,17 November
NIHR: Bahrain land of tolerance
GMT 12:45 2016 Saturday ,31 December
Sweden allows wolf hunt despite outcry of the Swedish Carnivore
GMT 02:21 2017 Saturday ,07 October
UK is ready to seize 'incredible' Expo 2020
GMT 19:16 2014 Saturday ,16 August
3 core qualities employees need to excel
GMT 12:05 2016 Sunday ,30 October
Breast Cancer Awareness Exhibition
GMT 08:56 2017 Wednesday ,11 October
Baghdad to bypass Iraqi Kurdistan with oil exports
GMT 18:37 2017 Wednesday ,01 November
Federer survives scare to reach Basel semis
GMT 11:14 2017 Thursday ,21 December
Crew of three docks at International Space Station
GMT 10:42 2017 Sunday ,08 October
Leading Cambridge Institute research team open up
GMT 13:32 2016 Wednesday ,12 October
Climate change doubles US forest-fire burn areas
GMT 06:20 2017 Wednesday ,04 January
Cubans show commitment to Fidel Castro, revolution in civic-military parade
GMT 07:38 2016 Friday ,16 December
US report links climate change to last year's heat waves
GMT 07:24 2017 Friday ,03 November
UAE Celebrates Flag Day - 1st and last add
GMT 09:52 2017 Monday ,02 January
Oman's 2017 budget projects deficit
GMT 09:43 2017 Monday ,12 June
UAE among top 12 countries for FDI
GMT 09:52 2017 Wednesday ,15 February
Japan's SoftBank to buy US investment firm for $3.3 bn
GMT 11:19 2018 Thursday ,11 January
Honduras post-election crisis leaves dozens dead
GMT 10:45 2017 Sunday ,31 December
Lewis Hamilton Instagram account emptied
GMT 12:20 2017 Saturday ,23 December
HM King condoles with Saudi Monarch
GMT 00:25 2017 Thursday ,16 November
Etihad marks Louvre Abu Dhabi opening with A380 fly-by
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor