Recode: Ziff Davis has bought Mashable at a fire sale price and plans to lay off 50 people

Recode: Ziff Davis has bought Mashable at a fire sale price and plans to lay off 50 people. “Mashable, once a fast-growing digital publisher with big ambitions, has been sold at a fire sale price. Ziff Davis, a digital media subsidiary of tech company J2, is buying Mashable for less than $50 million, according to people familiar with the transaction. In the spring of 2016, Time Warner’s Turner led a $15 million investment round that valued the company at $250 million.”