News Corp to acquire social video ad platform Unruly
“Unruly is a feisty and creative company with a start-up sensibility that fits perfectly with our own approach to developing businesses in the digital age. The acquisition will serve as a catalyst for our brands, helping to extend our expertise in the digital and mobile video area, whether through the fast-growing realtor.com® in the US, Fox Sports in Australia, News America Marketing, HarperCollins Publishers, or our market-leading mastheads around the world. Unruly complements our traditional editorial and commercial expertise with contemporary insight into how people read, watch, buy and sell in the digital era,” said Robert Thomson, Chief Executive of News Corp.
“We have a track record of acquiring businesses with unique capabilities, allowing them the freedom to do what they do best, while providing a global platform to accelerate their growth and realise their potential.”
Led by Unruly’s three co-founders, it will operate as a separate business unit, reporting to Rebekah Brooks, Chief Executive of News UK. Unruly will continue to work with its existing roster of global advertisers and publishers and collaborate with News Corp businesses around the world.
“We have always been pioneers in our field, so combining the formidable reach and resonance of our titles with their cutting-edge technology and video expertise will help accelerate our growth in this digital age,” said Ms. Brooks. “We look forward to working with one of Europe’s most highly regarded tech teams to create new premium video inventory for our News UK mastheads and other businesses, and to provide advertisers with best-in-class brand solutions across all platforms. ”
Founded in 2006, Unruly is a video distribution platform and a pioneer in tracking video sharing and delivering verifiable video views via paid media across mobile, desktop and tablet devices. With its powerful data set of 2 trillion video views and sophisticated targeting capabilities, the company uses historical sharing behavior to predict the potential for video ads to go viral across all digital touch points.
In the coming months, News Corp business units will begin to offer Unruly products to their advertising and agency partners. This will mean a significant increase in premium video and mobile inventory, a stronger content marketing offering and, ultimately, improved returns for News Corp’s advertisers. Unruly’s platform has attracted top tier advertisers, including such brands as adidas, Dove, T-Mobile, Evian and Renault.
The expected purchase price for the acquisition consists of a cash payment at closing of £58m (approximately US$90m), subject to certain adjustments, and up to £56m (approximately US$86m) in future consideration primarily related to payments contingent upon the achievement of certain performance objectives. The acquisition is subject to customary closing conditions and is expected to be completed by the end of September.
“We are absolutely delighted to join the News Corp family, and connect our scaled distribution, social data, and content optimization tools with the premium ad inventory of News Corp businesses, and their highly-engaged audiences,” said Unruly co-founder and Co-Chief Executive Officer Scott Button. “It’s a tremendous milestone and an exciting new chapter for the whole Unruly team.”
“We are incredibly grateful for the passion and dedication of the whole Unruly team that has today resulted in this phenomenal opportunity for the business,” said Unruly co-founder and Co-Chief Executive Officer Sarah Wood. “Unruly’s enthusiasm for transforming video advertising and our agile development culture will continue to drive our innovative approach towards digital marketing as we help advertisers reconnect with consumers and future-proof their video strategy.” Unruly’s third co-founder is Chief Technology Officer Matt Cooke.
Read the full press release here
More like this
Unruly Media’s tips on how to make videos famous
Video: Publishers still missing an opportunity with social media
Podcast: Unruly’s Kenneth Suh talks revenue for publishers through compelling content
