Los Angeles
- Digital business news publisher PaidContent's parent company ContentNext has
been acquired by U.K.-based Guardian News & Media (GNM), for a price
"north of $30 million," All Things D reported. "We were planning
another round of funding and were not out shopping the company but when
Guardian approached us, all the pegs fit into the right holes: a company that
will help us scale, add to our existing portfolio of products, and most
importantly, help keep 'Our Essence of Being' intact," PaidContent founder
Rafat Ali said in a post on the site.
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