Launched in 2003, Photobucket receives 17m unique visitors per month – a massive number, except that the majority of traffic was being referred by MySpace (despite constant denials from the company).
After a bust up between the companies that led to Photobucket videos being blocked on MySpace, it looked like Photobucket’s relationship with the social network it fed on wasn’t running smoothly.
The blog mentions the acquirement as confirmed.
http://www.techcrunch.com mentions the price of the transaction was of $250 millions, and there are chances another $50 millions will be added to the deal.
Yeah, well, everybody in their right mind uses imageshack anyway.