Financial Times FT.com

GMG acquires Paidcontent blog

By Tim Bradshaw

Published: July 12 2008 03:00 | Last updated: July 12 2008 03:00

Guardian Media Group has acquired Paidcontent, a well-known media blog, and its parent company ContentNext.

The deal values the business-to-business publisher and events organiser at about $30m (£15m), including performance-related incentives for Rafat Ali, founder, and his team of 25.

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