elgato
Joined: 24 Feb 2005
Posts: 17227
Location: Texas
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| Posted: Thu May 31, 2007 9:24 am Post subject: Murdoch Swings Photobucket Deal |
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Rupert Murdoch's Fox Interactive Media has purchased the photo-sharing site Photobucket as well as Web tool provider Flektor. The purchase price was undisclosed; however, it is rumored to be in the neighborhood of $250 million. The deal comes just weeks after a high-profile tiff between Photobucket and Murdoch's MySpace social networking site.
Rupert Murdoch, who lost a chance to buy YouTube last year when the massive video-hosting site was gobbled up by Google (Nasdaq: GOOG) , has snagged two other Internet companies that are popular with young people: Photobucket and Flektor.
more.. link to news article |
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