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Mashable Sells to Ziff Davis

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Photo via hyku on Flickr under the Creative Commons License

The Hollywood Reporter reports: “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. Cashmore said the deal was reached just this morning, despite a report on Nov. 16 that the sale had been agreed to. He confirmed that there will be layoffs as a result of the transaction.”

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