Photobucket Can Barely Give Itself Away

Posted: May 8, 2007 at 2:42 am

From Internet Outsider

PhotobucketHenry Blodget: Every news organization on earth is now reporting ValleyWag’s scoop that Photobucket is about to sell to News Corp. for about $300 million.  Even if Photobucket has the typical Web 2.0 attributes–small revenue and bigger losses–this price seems surprisingly low for a site with a reported 20 million users (41 million per the company) and 2+ billion images. 

Sure, $300 million’s nothing to sniff at, but it’s nothing like what the company would have fetched if, say, Google were at the table.  Alas, Google does not appear to be in the market for a photo-sharing site, so Photobucket will have to settle for the EBITDA-obsessed folks at News Corp, who, in any event, need to keep $5 billion of powder dry for their run at the Journal. 

Posted by Henry Blodget on May 07, 2007

http://www.internetoutsider.com/

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