News Corp acquires Storyful for €18M

|About: News Corporation (NWSA)|By:, SA News Editor

Expanding its push into the digital realm, News Corp (NWSA +1.2%) acquires social news start-up Storyful for €18M (~$25M).

The Dublin-based Storyful, which dubs itself "the world's first social news agency," mines social media platforms to discover user-generated content with a focus on images and photos. In 2013, videos have generated 750M views for partners.