Ziff Davis close to buying Mashable
 

Online media companies running out of cash

Ziff Davis, the digital media unit of J2 Global is close to an agreement to buy the struggling online news publisher Mashable.

The move would mean that Mashable might have enough cash to keep on going after spending a fortune trying to get into video broadcasts.

Founded by Pete Cashmore in 2005, the company confirmed in August that it was seeking a buyer..

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