Fotolog's $90 Million Acquisition Completed

Wednesday, November 28th, 2007

Erick Schonfeld is the Editor in Chief of TechCrunch. He oversees the editorial content of the site, helps to program the Disrupt conferences and CrunchUps, produces TCTV shows, and writes daily for the blog. He is also the father of three adorable children. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular... → 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.

Sponsored Ads

blog comments powered by Disqus

Sponsored Ads

Sponsored Ads