News Corp buys Twitter newswire Storyful for £15m 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. Storyful will remain as an independent company within the News Corp portfolio, the company said. The acquisition marks a return to deal-making for News Corp following its separation this summer from 21st Century Fox. As part of the split from Mr Murdoch's more profitable entertainment companies, the publisher was given a £1.6bn cash war chest to fund acquisitions. News Corp's acquisition activity has also been hampered in recent years by the phone hacking scandal. The swoop on Storyful echoes 21st Century Fox's interest in online video. It paid £43m for a 5pc stake in Vice Media in August. Mr Little said: "Storyful has worked with News Corp companies like the Wall Street Journal for some time. In News Corp, we found a big company prepared to think like a start-up. Storyful investors due to benefit from the sale include Ray Nolan, the Irish entrepreneur who also serves as its chairman. News Corp has a patchy history of digital media acquisitions. Its £325m acquisition in 2005 of the social network MySpace proved disastrous, as the company withered in the face of the challenge from Facebook. It was sold on six years later for £21m. It was sold six years later for £21m.