MySpace to acquire Photobucket for $250 mln: source | News | Mergers/Acquisitions | Reuters — Another one bites the dust.
MySpace, part of Rupert Murdochs News Corp., has reached a preliminary deal to acquire Photobucket, the worlds top photo-sharing site, for around $250 million in cash, a source familiar with the deal said on Monday.
Photobucket functions like a kind of Swiss bank for depositing and transmitting photos, helping Web users post their photos on other social networking sites, instead of trying to keep the users locked up on its own site.
Besides MySpace, Photobucket is popular on sites such as Facebook, Bebo, Friendster, eBay, Craigslist, Blogger and Xanga.
Photobucket is great — I bought the premium service which I hardly ever do.
If your web site is photo intensive, it saves you money because you can buy a smaller web hosting plan.
I hope News Corp doesn’t ruin it.
Love the graphic. Milk and Cheese was hysterical.
— “Gin makes a man angry!!”
I don’t really care about photobucket, though, so I don’t have a comment about that.
Great, now it’s going to the shitter most likely.
My first reaction is… YAY… One wholly overvalued free service buys another wholly overvalued free service…
#1 – I hope News Corp doesn’t ruin it.
Comment by Greg Allen — 5/8/2007 @ 3:38 am
Ruin it? They are gonna use it to host images of Democrats photoshopped into embarrassing situations in an attempt to smear them. It’s gonna be fun. 🙂
Yeah, and Yahoo® just sucked up Flickr®.