jump to navigation

Photobucket acquisition confirmed May 7, 2007

Posted by Daniel Gardner in Fox, MySpace, Photobucket, TechCrunch.
trackback

Last time I spoke about this I said:

I would say the decision was made because of the latter as Photobucket is currently on the take for an estimated $300 – $400 million, this play may be an attempt by Fox to dilute Photobucket’s worth by distributing FUD with relation to the future of there Online Video offering and it’s actual value, possibly allowing them to pick up a bargain and expand there media powerhouse.

It looks like this has held up, TechCrunch are reporting Photobucket was acquired for 50m under what was expected, this shows again Murdoch’s ruthlessness, doing anything to secure a deal at the right price (or the best price).

Advertisements

Comments»

1. drug facts - December 12, 2007

Got a little bit confused while reading :S


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: