MySpace.com, the extremely popular social networking site that has gone through much controversy, has signed a preliminary deal to 'acquire' PhotoBucket.com, the popular photo-sharing website that many on MySpace use.
The price of the website that has nearly 40% of the photo sharing market, and is growing each day? $250 million.
PhotoBucket allows their users to store hundreds of pictures on the website, customize their images with captions or music, and link them to their blogs, MySpace, or any other website they choose.
The importance of MySpace taking over PhotoBucket is great, because the vast majority of those who use MySpace have at least one picture from their PhotoBucket on the website.
PhotoBucket is also one of the largest website for photo storage in the US, where MySpace is based – in March, 14.2 million unique visitors went to the site, and that's nearly double the amount of unique visitors to Kodak.com.
Nothing is completely certain yet, and talks are still being held between the website – it's important to keep in mind that there's still the possibility that the deal could fall apart.
The deal comes just after MySpace had very briefly blocked PhotoBucket.com from it's site for, according to MySpace, 'encouraging users to embed advertising' in profile – MySpace's terms of service clearly states that "commercial advertisements, affiliate links, and other forms of solicitation may be removed from member profiles without notice."
If this deal will actually happen, and what it will do to MySpace's already massive fan base, is yet to be seen – however, it's clear that a move like this will boost MySpace's popularity, and possibly gain even more members to the already massive social networking site. |
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