Myspace is acquiring photobucket for US250 million according to TechCrunch.
Taken from the Business Wire directly:
Fox Interactive Media Completes Acquisition of Photobucket.com, Inc.
LOS ANGELES–(BUSINESS WIRE)–Fox Interactive Media, Inc., a division of News Corporation, announced today that it has completed its previously-announced acquisition of Photobucket.com, Inc. No financial terms were disclosed.
Photobucket is the Web’s most popular creative hub, with more than 45 million users linking billions of personal photos, graphics, slideshows and videos daily to hundreds of thousands of web sites, including: MySpace, Facebook, Bebo, Friendster, eBay, Craigslist, Blogger and Xanga. In addition to linking content, Photobucket users share their personal digital media by email, instant messaging, and mobile devices. Every day, over 7.5 million personal photos, graphics and videos are uploaded to Photobucket for sharing with family, friends and the online world. The company actively moderates content to create a safe environment for its users, partners and advertisers. Photobucket has offices in Palo Alto, California and Denver, Colorado and is located online at http://www.photobucket.com. For the latest feature announcements and news, please visit the Photobucket blog at http://blog.photobucket.com.
About Fox Interactive Media
A division of News Corporation (NYSE:NWS), Fox Interactive Media (FIM) offers a global, border-free online network that caters to consumers by giving them the platform and tools to express themselves, communicate with each other, and engage with the best music, TV, film, sports, information and more. The company’s worldwide network includes such category leaders as MySpace, IGN Entertainment, FOXSports.com, RottenTomatoes, AskMen, AmericanIdol.com and more that together comprise one of the largest and most engaged audiences on the Web.