MySpace to acquire Photobucket for $250 million
Social-networking site MySpace, owned by Murdoch's News Corp., has agreed to acquire
Photobucket, the Web's No. 1 photo-sharing service, according to a source close to the deal.The source, who requested anonymity because he isn't authorized to discuss the deal publicly, confirmed a story about the acquisition in the blog Valleywag on Monday.
TechCrunch blog said it had confirmed the acquisition at $250 million. Both MySpace and Photobucket representatives declined to comment–which could very well mean that something is going on between the two companies. Or not.
Only last month Myspace had blocked slide shows and videos stored on photobucket, saying the company was violating its terms of service by embedding its own advertisements in the media files.
Many changes and events going on @ Myspace , recently launched news on myspace..and now its acquisition of photobucket..whats next in the row ??
Some Facts about Photobucket :
- Photobucket cited 41 million users.
- site is free for basic use, but charges $25 a year for a premium subscription that includes extra storage space and the ability to store videos more than five minutes long.
- It also displays advertisements to in users account pages.
- unique monthly visitors approx 18 million
- about 45,000 videos added to the site daily.
Some recent happenings about myspace & photobucket:
- Hackers Promise Month of MySpace Bugs
- Wow-MySpace Account with Over 100,000 Friends Sells for $2,125 on Ebay
- How to Download Any Song on MySpace