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

23 hours ago

Google report sees glimmer of recovery in travel ...

Consumers will prioritise hygiene, use travel bubbles and begin with short vacations, a new report suggests.

23 hours ago

The Apprentice, refreshed, leads One Championship ...

With live events on hold, the mixed martial arts promoter will be presenting a revamped spin-off of the reality-TV format to help keep its global audience of millions, and brands, hooked.

23 hours ago

Dentsu Aegis to allow Australia staff to WFH for ...

Move comes after internal survey found overwhelming majority of staff want to maintain the current work-from-home arrangements.

23 hours ago

Japan law tightens regulation of major ecommerce ...

TECH BITES: Law addresses concerns that tech giants are abusing their market power and leaving small businesses out of pocket.