Dec 13

Rupert Murdoch Pays €18m for Mark Little Company “Tracking Social Media”

Mark LittleFORMER RTE presenter Mark Little is celebrating after selling his social media company to Rupert Murdoch’s News Corp for €18m.

The former ‘Prime Time’ anchor and RTE Washington correspondent had a celebratory lunch yesterday with other investors following the sale of Storyful, which is believed to have netted Little about €6m.

While he is now a rich man, he admitted that he had a few narrow escapes and came close to closing the firm. “(The company) nearly went bust a couple of times; we’ve seen what it would look like to fail,” he told the Irish Independent yesterday.

Other early investors include serial technology backer Ray Nolan, who sold his Hostelworld business for €220m, and ‘Dragon’s Den’ star Sean O’Sullivan’s investment firm SOS Ventures. State investment outfit Enterprise Ireland and venture capital group ACT also invested in the business.

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