Monday, May 07, 2007

Official, Myspace will buy Photobucket

"Myspace: Photobucket is for sale? Name your price.

Lehman Brothers: $300 million or more.

Myspace: I'll give you $250 Million.

Lehman Brothers: Hmm, Maybe, there are a few other bidders . . . We will talk more."

Thats my take on how the conversation went. Photobucket has been trying to sell the company, so they enlisted Lehman Brothers to get the job done, and it happens that Myspace is looking to aquire this asset, meaning millions more for Myspace.

More to come, let me keep you posted.

via[techcrunch]

-SAID

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