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."
A spokesman for News Corp chairman Rupert Murdoch has announced that he has accepted the request by MPs on the culture, media and sport committee to appear in front of them again, after a recording emerged of him apparently venting his anger about police investigations into his newspapers:
Police will "fully assess" a recording of comments apparently made by Rupert Murdoch during a meeting with News International journalists.
Assistant Commissioner Cressida Dick confirmed the force is trying to get a copy of the clip of Mr Murdoch speaking to members of staff from the Sun in March.
- No date has yet been agreed for Rupert Murdoch to reappear before MPs, but it is not expected to be until the autumn
- It comes after a recording emerged of him apparently venting his anger about police investigations into phone-hacking and payments to officials
- Scotland Yard is currently assessing the recording made during a meeting with News International journalists
Rupert Murdoch has been invited to re-appear before the Commons Culture Media and Sport committee. It comes after a recording emerged of him apparently telling journalists he regretted the level of co-operation given by News International to the investigation into phone hacking and illegal payments.
Former News of the World deputy editor Neil Wallis said he is "glad" that Rupert Murdoch "stood by his staff" after hearing secret audio recordings made during a News Corp meeting.
Phone-hacking charges against Mr Wallis were dropped in February this year.
He also replied to a Twitter user who asked whether he thought Murdoch was "really backing the staff":
In one clip from a secret audio recording obtained by Channel 4 News, Rupert Murdoch is heard branding police "totally incompetent" and damning the Scotland Yard inquiry into corrupt payments to public officials.
"It's the biggest inquiry ever, over next to nothing," he says.
Hear more of the recordings at Channel 4 News.
A News Corp statement said Mr Murdoch was showing "understandable empathy" to his staff.
Defending Rupert Murdoch's pledge to staff, a spokesman for News Corp told Channel 4 News:
An MP has called for police action after Rupert Murdoch was apparently recorded telling journalists he regretted the level of cooperation over phone-hacking and illegal payments.
Labour MP Tom Watson called for police to question Mr Murdoch over the alleged comments, telling Channel 4 News:
Rupert Murdoch also appears to suggest in the recording, broadcast by Channel 4 News, that any journalists who were convicted and jailed in connection with the phone-hacking inquiry could get their jobs back. He is heard saying:
A spokesman for News Corp told Channel 4 News: "Rupert Murdoch has shown understandable empathy with the staff and families affected and will assume they are innocent until and unless proven guilty."