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GigaOM to acquire paidContent - Rumour
GigaOM may be buying paidContent and its parent company, ContentNext Media, for an undisclosed amount, with GigaOM reportedly in the final stages of negotiations with current owner the Guardian Media Group (GMG). A report from All Things Digital, plus hints from ContentNext founder Rafat Ali since GMG put the business up for sale in November last year, indicate that GigaOM is the likely buyer. GMG is thought to be seeking between USD15m to USD20m for the company it bought for USD30m, but neither party confirmed the deal.
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