DJCacophony writes "Reuters is reporting that Newscorp, having already purchased Myspace, is purchasing the image hosting site Photobucket for between 250 and 300 million dollars. The story details how Photobucket and Myspace, which have previously had disputes over advertising on each others' sites, will now be integrated with each other. The deal is still very much on the table, apparently, and may yet fall through. 'While hardly known outside the youthful world of social network sites, Photobucket has become wildly popular with users for providing free, online storage tools for multimedia self-expression, from photos to videos to digital slideshows. Site builders turn to it for images to decorate their sites. The four-year-old startup, based in Palo Alto, California, has signed up 41 million registered users, up from 32 million at the end of last year and 2 million in 2004. It now hosts nearly 2.8 billion images on the site.'"
Read more of this story at Slashdot.
Link To Original Article
News Corp to Purchase Photobucket
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