About This Deal

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.

Deal Terms

Acquirer
News Corporation
Target
Storyful
Value
~US$25 million
Date
December 2013
Type
Full acquisition
Status
Completed

Transaction Details

Announced
December 2013

In Their Words

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.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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