British-based Guardian Media Group has reportedly purchased paidContent’s parent company ContentNext for a little more than $30 million. Widely considered as a pioneer in the online media news world, paidContent has been aggressively pursuing expansion in recent months.
ContentNext is expected to continue to be independently operated following the sale. The company also operates mocoNews, contentSutra, and paidContent:UK. Check out paidContent’s own blog for more details on the deal.