intellectual vanities… about close to everything

MySpace said to buy Photobucket for $250M

leave a comment »

Like there was more evidence missing, Mr Murdoch made another move: MySpace.com has signed a preliminary deal to buy the Photobucket.com photo-sharing Web site for $250 million in cash, a U.S. published report said Monday.

Both sides were working out the details Monday night, The Wall Street Journal reported.

MySpace, its parent, News Corp.’s Fox Interactive Media, and Photobucket declined to comment.

News of the discussions was first reported by the Silicon Valley blog Valleywag.

Photobucket, the Web’s largest and fastest-growing photo-sharing service, lets users store photos and videos and then put them onto pages on community sites including MySpace.

Lehman Brothers represented Photobucket in the negotiations.

see:

what I read, and what I don’t… thu, 3rd may 2007: Rupert Murdoch

Written by huehueteotl

May 8, 2007 at 12:13 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: