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Matheson advises News Corp on acquisition of Storyful

AUTHOR(S): Pat English
PRACTICE AREA GROUP: Corporate
DATE: 20.12.2013

Matheson has advised global media giant News Corp in its €18 million acquisition of Dublin-based social news agency Storyful, which was announced on 20 December 2013.

Robert Thomson, Chief Executive of News Corp said, “Storyful has become the village square for valuable video, using journalistic sensibility, integrity and creativity to find, authenticate and commercialise user-generated content …Through this acquisition, we can extend the village square across borders, languages and platforms.”

Storyful founder, former RTÉ journalist Mark Little said, “We join News Corp at a moment of transformation. Together, we will combine the authority of premier original content with the authenticity of user-generated content.”

Éanna Mellett and Pat English led the Matheson team in advising NewsCorp. Éanna Mellett said, “This deal shows the vitality of the Irish technology and new media sector. Leading international media and technology companies are coming to Ireland and merging with indigenous talent to operate in a global media marketplace. Dublin is rightly becoming known as the leading European technology and media hub. We are delighted to have worked on this transaction, particularly given our strategic focus on being the law firm of choice for international companies doing business in and through Ireland.”

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