It’s been over a year since we’ve last written about Photobucket, when the former News Corp. / MySpace property merged with Ontela.
Apparently, the Photobucket that came out of the merger didn’t technically have a chief executive at the helm, although CFO Tom Munro served as acting President. The company this morning announced that Munro has now been officially appointed CEO after an executive… → Read More
Lots more details are coming in on the Photobucket fire sale by MySpace/News Corp. The sale is all but complete, say new sources. And the buyer is definitely Washington state based Ontela.
Ontela, a mobile photo upload and storage service, is backed by Disney’s Steamboat Ventures, among others.
Steamboat Ventures is said to be putting $40 million or more in additional capital into Ontela. Most… → Read More
News Corp., via MySpace, acquired photo/video sharing site Photobucket back in 2007 for $250 million, plus a $50 million earnout. We’ve now learned through a source with knowledge of the deal that MySpace is in the process of selling at least a majority interest in Photobucket. The likely buyer? Disney-backed Ontela, a Washington state startup.
Photobucket has grown steadily since the… → Read More
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