Whatsapp: £11 Billion, Reader's Digest: £1

Facebook’s acquisition of the messaging app Whatsapp for £11 billion is not the only big buy of the day. Reader’s Digest, founded 92 years ago, published in 70 countries and formerly the biggest selling magazine in the world, has been sold for the grand sum of £1. Jon Moulton’s private equity firm Better Capital, which bought the magazine for £14 million in 2010, has handed ownership over to venture capitalist Mike Luckwell after deciding it “didn’t justify the time and effort for us”. Times they are a-changin’…




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Speaking at the Salzburg Summit on the Brexit negotiations, Juncker revealed:

“No decision will be taken here. Whenever the Commission is too flexible things are going wrong.”

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