Photobucket to be sold for just $60 million?
October 20th, 2009 Leave a comment Visited 126 times, 1 so far today
Photobucket to be sold for just $60 million?
TechCrunch has reported that Photobucket could sell for as low as USD 60 million.
Ontela is said to be the company interested in acquiring it from News Corp.
This company is backed by Disney supported Steamboat Ventures.
News Corp had acquired Photobucket through their MySpace subsidiary in 2007 for around USD 250 million.
If the report is true, they are going to sell it off for a major loss.
Digital Media, disney, MySpace, News Corp, ontela, photo sharing, Photobucket, Photos, Rumors, steamboat ventures, TechCrunch, Web Services, Web Services
Manuj
Category: News
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