MySpace wants Photobucket for $250 million
Photobucket, the image sharing website, has over 40 million registered users, with 80,000 new users signing up each day and MySpace wants it for $250 million.
The social networking site proposed the buyout just a few weeks after the two services fell into dispute over advertisements placed on MySpace websites. The row was eventually resolved and an official statement from Photobucket said that the company had established open lines of communication with MySpace to prevent a sudden block of Photobucket content in the future.
“Open lines of communication” must have paved the way for the $250 million offer. What a way to make up and forgive each other.
Related posts:
- MySpace acquires Photobucket
- Photobucket launches new applications on MySpace
- Photobucket reaches 50 million users
- Photobucket launches mobile photo application with Danger
- MySpace goes to China
Do you like this article? Submit it to Blogosphere News!
What do you think?