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May 30, 2007

Fox Interactive Confirms Photobucket, Flektor Acquisitions

Michael Arrington

15 comments »

The Photobucket and Flektor acquisitions were confirmed by Fox Interactive today in a press release. No details on prices, so we are assuming earlier reports were correct: $300 million for Photobucket (including a $50 million earnout) and $15-20 million for Flektor.

We had earlier reported that MySpace made both of these acquisitions; in fact parent company Fox Interactive was the buyer.

See Photobucket and Flektor at the Techcrunch Database.

  • Sphere It

This entry was posted on Wednesday, May 30th, 2007 at 9:13 am and is filed under Company & Product Profiles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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Comments

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  1. Ronald Lewis

    May 30th, 2007 at 9:15 am

    … and the acquisitions continue.

  2. TechZilo

    May 30th, 2007 at 9:27 am

    MySpace is at it again.

    CBS is also on an acquiring spree.

    Seems like it is a good time to be founder of a web 2.0 startup ;)

  3. Fourpips

    May 30th, 2007 at 9:33 am

    *a good web 2.0 startup! :P

  4. KindAndThoughtful

    May 30th, 2007 at 9:37 am

    “Boldness in business is the first, second, and third thing. “

  5. guiness

    May 30th, 2007 at 10:00 am

    The combined transaction is cheaper than buying slide, rockyou or imageloop. well done!

  6. Coral

    May 30th, 2007 at 10:19 am

    So…Where does Tom fit in this acquisition?

    http://www.coralpoetry.blogspot.com

  7. Ian Bell

    May 30th, 2007 at 10:33 am

    Flektor is a GREAT buy. The site has some amazing tools and features, and a very commercial look. I think it will likely grow at a fast rate. Maybe the founders should have waited a year though before selling?

  8. J-son

    May 30th, 2007 at 12:07 pm

    Coral: “So…Where does Tom fit in this acquisition?”

    http://www.theonion.com/conten.....s_millions

    XD

  9. Agoracom

    May 30th, 2007 at 12:25 pm

    Mike, eBay/StumbleUpon; Fox/Photobucket/Flektor; CBS/LastFM… you should come to Toronto more often!

    Is this the “froth” you were talking about earlier today, or do these acquisitions serve to take it to the next step?

    I know you were talking about all of this possibly ending in the next couple of years and I have to agree. Once a couple of major acquisitions are made in each vertical (video, photosharing, online radio, etc.), the majors are going to close their checkbooks and run with the horses they’ve bet on.

    Best,
    George

  10. UpstartThis

    May 30th, 2007 at 1:52 pm

    News Corp’s IGN and other online holdings may eventually benefit from Flektor and Photobucket, along with MySpace. Its the long run they are all interested in.

    Check out the list of NewsCorp’s sites: (from Wiki)

    * MySpace
    * Grab.com
    * IGN Entertainment - Internet entertainment portal (Includes the sites IGN, GameSpy, Rotten Tomatoes, TeamXbox, and Askmen.com)
    * Strategic Data Corp - interactive advertising company which develops technology to deliver targeted internet advertising.
    * Movielink (20%) - Online movie downloads joint Venture between - Fox, Viacom, Sony, MGM & Disney
    * Indya.com - ‘India’s no. 1 Entertainment Portal’
    * What if Sports.com
    * Scout.com
    * Sibeliusmusic.com and other Sibelius Software related forms of media.
    * Jumptheshark.com owned through stake in GemstarTVGuide
    * ROO Group Inc (5% increasing to 10% with performance targets)
    * News Digital Media
    o News.com.au - Australian-oriented news website
    o CareerOne.com.au
    o CarsGuide.com.au
    o in2mobi.com.au
    o TrueLocal.com.au
    * Realestate.com.au (69%)
    o Casa.it (59.4%), Sky Italia also holds a 30.6% share
    o atHome group, operator of leading realestate websites in Luxembourg, France, Belgium and Germany.
    + Altowin (51%),provider of office management tools for realestate agents in Belgium.
    o Propertyfinder.com (50%), News Corp holds the remaining 50% directly
    o PropertyLook, property websites in Australia and New Zealand.
    o HomeSite.com.au, home renovation and improvement website.
    * New Zealand
    o DVD Unlimited - leading online DVD subscription service (ownership through stake in Sky Network Television).

  11. TheThirdEye

    May 30th, 2007 at 3:58 pm

    Wait, so News International own Myspace, but they also own Fox Interactive.. who bought these 2 companies?

    or What?

  12. Dave

    May 31st, 2007 at 10:17 am

    Big fish eat little fish

    Kemp supporting the oligopolies Tech Crunch!

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