UPDATE: (14.48 GMT): Christiane Amanpour is reporting that Jeremy Scahill and Laura Poitras are to join new online venture, funded by Pierre Omidyar.

UPDATE: (13.39 GMT): Apparently Pierre Omidyar will be funding a new mass media venture with Glenn Greenwald. No further information, yet.

UPDATE (12.44 GMT): There still haven’t been any major developments on this story. However, there is this from Reuters about a possible partnership between Greenwald and French-born Iranian Pierre Omidyar (worth some $8.5bn). We’ll keep updating as the day goes on.

UPDATE: Here’s what the consensus is that’s forming on the back-channels. Omidyar is going to fund a massive democracy watchdog that will provide funding for the Snowden project and others around the world.

The watchdog would hold rogue states, like the US and Great Britain to account for their illiberal actions.

It’s the only way I can see him pulling out of the Guardian. He would not leave Snowden high and dry.

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Glenn Greenwald is to leave the Guardian it was announced this evening. Writing on Twitter, Greenwald posted notice of his departure from the British daily for what seem to be vaguely greener pastures.

His and the Graun’s statements are here.

We’re settling down here on the east coast of the United States, but will keep half an eye on this developing, intriguing story.

Statement of Glenn Greenwald:

“My partnership with the Guardian has been extremely fruitful and fulfilling: I have high regard for the editors and journalists with whom I worked and am incredibly proud of what we achieved.

“The decision to leave was not an easy one, but I was presented with a once-in-a-career dream journalistic opportunity that no journalist could possibly decline.

“Because this news leaked before we were prepared to announce it, I’m not yet able to provide any details of this momentous new venture, but it will be unveiled very shortly;”

Statement of the Guardian’s Jennifer Lindauer:
“Glenn Greenwald is a remarkable journalist and it has been fantastic working with him. Our work together over the last year has demonstrated the crucial role that responsible investigative journalism can play in holding those in power to account. We are of course disappointed by Glenn’s decision to move on, but can appreciate the attraction of the new role he has been offered. We wish him all the best.”

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