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’…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jacob Rees-Mogg on Theresa May

“There comes a point at which the policy and the individual become so intimately connected that it would be very hard to carry on supporting the person who is promoting this policy.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.