• Fotolog's $90 Million Acquisition Completed

    Wednesday, November 28th, 2007

    Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More

    fotolog-logo.pngFrench Internet company Hi-Media,operator of one of Europe’s largest ad networks and micro-payment services, completed its acquisition today of Fotolog. The $90 million deal was first announced last August. Since then, Fotolog has added two million more members for a total of 13 million, and claims 3.9 billion page views a month. Fotolog trails behind MySpace’s PhotoBucket and Yahoo’s Flickr. CEO John Borthwick is moving on to his incubator/investment fund Betaworks.

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