NewsCorp Bought Photobucket for 250 million
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This must be the dirtiest business tactic ever in the internet history, NewsCorp the owner of Myspace recently purchase photobucket for 250 million USD, making it one of the best buy ever in history. We know that Photobucket’s main contributor are non other than MySpace user, which makes Photobucket survival very much on the hands of MySpace, knowing that they got an upper hand, NewsCorp decided to block Photobucket from MySpace during the last few days of negotiating, bringing down the initial asking value of 300 million plus to just 250 million dollars.
According to source, PhotoBucket is the biggest photo sharing website, bigger than Flickr, which really surprise me because all this while I thought Flickr was the biggest photo sharing website, so I decided to make a comparison and search for some images using both services and I found out that Photos from Photobucket are not as beautiful as those found in Flickr, probably because professional photographer prefers Flickr.
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