News Corp acquires social media tool Storyful

By Jennifer Saba (Reuters) - News Corp on Friday made its first acquisition as a stand-alone company with the $25 million purchase of social news tool Storyful. Founded in 2008 and based in Dublin, Ireland, Storyful verifies and manages the rights holders of news and videos on social media platforms such as Twitter in real time. "Storyful has become the village square for valuable video, using journalistic sensibility, integrity and creativity to find, authenticate and commercialize user-generated content," News Corp CEO Robert Thomson said in a statement. ...

via Tech News Headlines - Yahoo News http://news.yahoo.com/news-corp-acquires-social-media-tool-storyful-202759677--finance.html