Myspace acquires Photobucket for 250 million
From TechCrunch:
Photobucket has been looking for a buyer since March, when they hired Lehman Brothers to help sell the company. They were looking for $300 million or more, but may have had few bidders other than MySpace.
The companies have been in serious acquisition discussions for the last couple of weeks - A dispute that involved Photobucket videos being blocked on MySpace led to acquisition discussions, and the block was removed.
Well, Google bought YouTube. So this move is totally not surprising at all. I am waiting for Apple to buy Microsoft, if that’s even possible.
