Canadian photo sharing startup BubbleShare will be shuttered on November 15, 2009. Users were notified via email and a notice on the site’s home page.
The site, founded by Albert Lai, first launched in late 2005 and we immediately liked it: “Toronto-based online photo sharing BubbleShare is just wonderful, and ridiculously easy to use. Their interface team deserves a gold star or something…” Adding interface features like zoom just made it even more fun to use.
In early 2007 the company was sold to Kaboose Inc. (TSX: KAB), a small public “family focused online media company” in Canada, for US$2.25 million plus up to another US$750,000 based on an earn-out provision.
Some Kaboose assets, in turn, were acquired by Disney in April 2009 for $18.4 million.