MySpace Acquires Photobucket and Flektor

Jun 01, 2007

MySpace's parent, News Corp.'s Fox Interactive Media, has acquired Photobucket Inc. MySpace users often embed third-party photos, video and other material in their personal profile pages, and sites like Photobucket provide the programming code to cut and paste into MySpace pages. Fox has also agreed separately to buy Flektor Inc., which offers web-based tools for creating slideshows, video mash-ups, and other interactive presentations. Financial terms of the two deals were not disclosed.