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News Corp. Acquires Video Startup Storyful for $25 Million

News Corp., publisher of the Wall Street Journal and the New York Post, paid $25 million to acquire Storyful, a startup that helps newsrooms find and vet impromptu video content from across the Web.

The acquisition lets New York-based News Corp. capitalize on the surge in crowd-sourced reporting, an area many newsrooms are trying to mine for content. The 28-employee startup also specializes in verifying citizen reports coming in through social media, such as during the Boston Bombing. Storyful, based in Dublin, will operate as a stand-alone company within News Corp., according to a statement yesterday.