Staff Reporters
Dec 7, 2017

Mashable Asia shuts down after Ziff Davis sale

Team of three in Singapore office informed early yesterday.

Mashable Asia shuts down after Ziff Davis sale

Mashable has closed its Asia-Pacific office in Singapore amid further retrenchments worldwide following the completion of its sale to US publisher Ziff Davis.

Reports of the US$50 million deal—a fifth of Mashable’s US$250 million valuation just two years ago—began circulating last month, with talk rife about laying off staff to stem the publication’s significant losses. Around 30% of global employees have been made redundant, which accounts for 50 people, according to reports.

News about the Singapore office was confirmed yesterday by Victoria Ho, Mashable APAC editor, who took to Twitter to inform the wider public. Reporter Yvette Tan and head of sales Meng Lye Liu made up the rest of the APAC team.

Gwendolyn Regina, Mashable’s former director of strategy and business development for APAC, left the publication in August. Just a few weeks later reports emerged that the struggling company was seeking a buyer.

Mashable began as a blog in 2005 created by founder Peter Cashmore, and become one of the fastest growing digital publications in the world. But, like so many digital outfits, it has struggled to maintain readership, and in 2016 posted a net loss of US$10 million despite revenue growing 36% to US$42 million.

Following the deal’s completion, Ziff Davis said it would offer jobs to the laid-off Mashable employees at its other publications.


Related Articles

Just Published

32 minutes ago

Korean car brand Genesis revs up the tunes in DJ ...

The DJ set took place in Shoreditch, London.

48 minutes ago

Wavemaker makes inclusive and carbon reduction ...

GroupM agency says the move is an 'industry first'.

1 hour ago

Twitter halts Covid-19 misinformation policy in ...

The pandemic-inspired policy, which removed more than 11,000 accounts since 2020, is no longer in effect.

7 hours ago

Agency of the Year 2022 winners: Greater China

See the complete winner list for the Greater China region in the 2022 Campaign Asia-Pacific Agency of the Year awards.