News Corporation acquired Storyful for ~US$25 million, a transaction announced in December 2013.
Acquired the social news agency (US$19 million cash plus a contingent earn-out) to strengthen News Corp's video and verified user-generated content capabilities across its News and Information Services segment.
Acquired the social news agency (US$19 million cash plus a contingent earn-out) to strengthen News Corp's video and verified user-generated content capabilities across its News and Information Services segment.
The Storyful acquisition complements the Company's existing video capabilities, including the creation and distribution of original and on-demand programming such as WSJ Live and BallBall.
Advisory firms were not disclosed for this transaction.