News Corp buys Storyful for €18m

Former RTÉ journalist Mark Little has sold Storyful, the social media news agency he founded, to Rupert Murdoch’s News Corp for €18m.

The sale price is a massive return on investment for its shareholders, who include Mr Little, David Clinch, Ray Nolan, SOS Ventures, and AIB start-up accelerator fund, and Enterprise Ireland.

Mr Little, who was RTÉ’s Washington correspondent and an anchor on Prime Time, set up Storyful in 2008. The agency authenticates footage taken by social media and then sells it to its clients, which includes some of the top traditional news outlets in the world.