News Corp to Buy Video Platform Unruly for $90 Million
September 16 2015 - 10:30AM
Dow Jones News
News Corp on Wednesday announced plans to acquire social-video
advertising platform Unruly for about $90 million, a move aimed at
extending the company's expertise in the digital and mobile-video
area.
U.K.-based Unruly, founded in 2006, tracks the distribution of
video across mobile, desktop and tablet devices. The company uses
historical sharing data to predict the potential for video ads to
go viral.
News Corp, which owns The Wall Street Journal and Dow Jones
Newswires, said the cash transaction is subject to an additional
$86 million in future consideration related to certain performance
objectives. The company expects the deal to close by the end of the
month.
News Corp businesses will begin offering Unruly products to
advertising partners in the coming months. The move is expected to
result in more premium video and mobile ad inventory, the company
said.
Unruly will operate as a separate business unit that reports to
Rebekah Brooks, chief executive of News UK.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 16, 2015 10:15 ET (14:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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