Wow, exciting news for our good friend Rafat Ali who has reportedly agreed to sell paidContent to Britain’s Guardian Media Group for $30 million.
The Guardian’s Jemima Kiss just published the news of the acquisition and here is her "thought piece." However, terms have not been disclosed and the company declined to provide them to Beet.TV. Rafat posts the news himself, also does not reveal terms.
First news of the deal broke a few hours ago in a report by Kara Swisher. Soon after, that eagle-eyed, prolific tweeter Marshall Kirkpatrick at ReadWriteWeb wrote he confirmed the news via a tweet from a Guardian editor!