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MySpace buys Photobucket for more than $275 million
Wow, didn't really see this one coming. Less than a month after blocking access to Photobucket videos, MySpace has changed tactics and purchased the photo and video hosting site for over $275 million.While Photobucket and MySpace had a history of fighting, the two always played well together from a user perspective, with Photobucket hosting many of the images users post on their MySpace pages.
Photobucket was reportedly seeking $300 million, although TechCrunch reports that the final figure was a bit short of that.
The company has been on the market since March. And apparently that dispute over MySpace blocking Photobucket videos was what led the two companies to sit down at the table for talks. And wouldn't you know it, once that happened they realized they were made for one another all along. Isn't that sweet?
Comments
5
Subscribe to commentsPHUKJ00May 7th 2007 10:44PM
FUCKING SELLOUT, BAH!.
BavMay 9th 2007 1:36PM
Well...looks like I'm leaving Photobucket now that it is a MySpace place. Grrr.
anonMay 16th 2007 10:25PM
Does this mean that photobucket will become gross and not user-friendly? lol.
Sumitra MenonMay 24th 2007 10:21AM
Leading Silicon Valley entrepreneur and strategy consultant Sramana Mitra, outlines a strategy on how News Corp. owned MySpace should charge Photobucket and all the other services that have sprouted around the MySpace eco-system. Link: http://sramanamitra.com/blog/885
JessicaMay 29th 2007 7:35AM
OMG.... I'm NAVER EVER using Myspace OR Photobucket AGAIN. I'm not going to go with ImageShack.... I kinda hate MySpace for being inconsiderate jerks.. LOL It will become a jukie place now... >:( I HATE TOM THE CO-FOUNDER OF MYSPACE.