UK Fund Invests in GodTube

UK HEDGE FUND INVESTS HEAVILY IN GODTUBE
SOURCE: THE NEW YORK TIMES

The owner of the site, GodTube.com recently won a $30 million investment from GLG Partners, a big London hedge fund.

GodTube offers Christian-content videos, as well as featuring prayer blogs and a Bible you may page through.

The investment put GodTube's value at nearly $150 million, according to PaidContent.org.

Also offered on GodTube are sermons, theological debates, Christian rap videos and skits (for example, the skit "See man watching porn get caught by Jesus!" plays out exactly as the title suggests.)

Introduced in late 2007, GodTube was the fastest-growing web site, as rated by comScore, attracting 1.7 million unique visitors for the month. Traffic to the site remains about the same today.