German broadcaster ProSiebenSat.1 has discussed acquiring Mashable, per The Wall Street Journal. Backed by industry stalwarts such as Time Warner and Turner Broadcasting, the New York-based digital media startup has struggled to secure further funding since raising $15 million at a $200 million valuation in March 2016.
The report comes about a year-and-a-half after Mashable, which has raised a total of $46 million, laid off around 30 employees in the wake of its Series C. For ProSieben the deal could offer a boost to a digital entertainment division that experienced a 2% YoY decline in revenue during 2Q. The US is already a bright spot for the German broadcaster, leading its content production & global sales segment to €89 million in revenue in 2Q, a YoY increase of 15%.
Seth Klarman’s Collective Wisdom: Risk Analysis Is The Key To Investment Success
Please note this article is based on publicly available information, however ValueWalk just received Baupost's 2018 letter moments ago and will have exclusive coverage shortly. Seth Klarman is widely regarded as one of the best value investors the world has ever seen. Over the past few decades, his hedge fund, the Boston-based Baupost, has achieved Read More
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