News Corp buys social news agency Storyful for £15m

Rupert Murdoch's News Corp has acquired social media news agency Storyful in a deal worth €18m (£15m).

The media giant said Storyful, which gathers and verifies news broken and shared on social networks including Twitter and YouTube, will "operate as a stand-alone business unit within News Corp."

“Storyful has become the village square for valuable video, using journalistic sensibility, integrity and creativity to find, authenticate and commercialise user-generated content,” said Robert Thomson, Chief Executive of News Corp.

“Through this acquisition, we can extend the village square across borders, languages and platforms.”

Storyful founder Mark Little said: "In News Corp, we found a big company prepared to think like a start-up."