Fox Interactive Nears Deal to Buy Photobucket

FOX INTERACTIVE NEARS DEAL TO BUY PHOTOBUCKET
[SOURCE: New York Times, AUTHOR: Brad Stone]
Photobucket, a four-year-old, rapidly growing Web company, is in advanced talks to be acquired by Fox Interactive Media, a division of the News Corporation. Photobucket allows its users to store photos and videos and then easily drop them into their pages on prominent sites like Facebook, eBay and particularly MySpace, which is also owned by the News Corporation. The deal is not yet complete, but the parties have ironed out major issues and are focusing on finer points. The price could be as high as $300 million. Last month, MySpace blocked slide shows and videos stored on Photobucket, saying the company was violating its terms of service by embedding its own advertisements in the media files. After a week of discussions, the two companies resolved their differences and MySpace removed the block.
http://www.nytimes.com/2007/05/08/technology/08photo.html
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