Guardian sells The Observer to Tortoise Media

Reuters :

Britain’s Guardian said on Friday it had agreed to sell The Observer to startup Tortoise Media, which sought to overcome staff opposition by pledging to revive the world’s oldest Sunday newspaper as a strong voice in liberal journalism.
Tortoise, founded five years ago by ex-BBC News boss James Harding to focus on “slower, wiser news”, said it had raised 25 million pounds ($32 million) to invest in the newspaper.
The centre-left Observer, first published in 1791, is one of Britain’s best-known newspapers and once carried the journalism of 1984 author George Orwell.