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
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