Friday, May 11, 2007

Myspace to buy Photobucket

            The social networking giant Myspace is going to buy Photobucket for $250 million, that is confirmed. Photobucket is one of the popular image hosting service which was for sell since March.They've hired Lehman Brothers to help sell the company according to Techcrunch. Photobucket is popular because of its quality image and video hosting service. Reports also says that photobucket generated more than 6 million dollar in revenue last year and have planned to hit more than 25 million this year.Photobucket claims that they have over 40  million registered users and counting.

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