In an effort to control costs and consolidate products, MySpace parent company Fox Interactive Media is shuttering the SpringWidgets (which launched in 2006) and Flektor (acquired in 2007) widget platforms. Twenty five employees are affected.
Ten employees at Flektor’s Culver City offices will have the opportunity to interview for positions at MySpace. It’s not clear if SpringWidget’s fifteen… → Read More
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… → Read More
MySpace will acquire Flektor, a just-launched service that allows users to create widgets from photos, video and text, according to two sources with knowledge of the deal. This comes right after the news of MySpace’s pending acquisition of Photobucket last week for $250-$300 million. This will be a much smaller deal, in the $10-$20 million range, possibly with an earnout. Flektor competes… → Read More
The news earlier this week that MySpace is acquiring Photobucket for up to $300 million highlights the importance of the widget space in general, and photo/video sharing widgets in particular. Competitors like Slide and RockYou allow users to create photo slide shows with various effects and transitions, and then embed those slide shows onto MySpace pages and other profiles. These services are… → Read More