Tag Archive: Photobucket

After a technical tiff last month which saw popular social networking site MySpace blocking access to some ad-supported content hosted on Photobucket, MySpace parent company announced today it is acquiring Photobucket for an undisclosed amount. A pending deal has been rumored for several weeks, in part because so much of Photobucket’s traffic is linked to MySpace, with markt research firm Hitwise recently estimating some 60 percent of Photobucket’s traffic originates from MySpace.

Fox Interactive Media also announced it acquiring Flektor, a Web-based service which enables user to creat online slideshows, presentations, and video mash-ups. As with the Photobucket deal, financial terms of the arrangement were not revealed.  Read more...

Although an official agreement has yet to be announced, reports from Reuters and elsewhere have social networking site MySpace in a preliminary deal to acquire photo sharing service Photobucket for around $250 million.

Photobucket is primarily an image and video hosting service, acting as a media repository for users who want to share their content via other sites, most notable MySpace but also including FaceBook, Bebo, Xanga, and Friendster, along with blogs, online auction listings, and other common online activities. In four years, Photobucket has managed to become the largest single player in the online image hosting market, accounting for about 40 percent of traffic to photo-sharing sites, managing to sign up over 40 million users, and hosting over 2.8 billion images. (In comparison, Yahoo’s photo services, Flickr and the soon-to-be-defunct Yahoo Photos, garner about 10 percent of photo traffic.)  Read more...