Monday, April 2, 2007

Report: Photobucket Looking For Buyer

Photobucket, the online photo and media sharing web site which was founded in Denver, is reportedly up for sale and may command $300M to $400M, according to reports on the online blog site TechCrunch. According to the report, PhotoBucket has hired Lehman Brothers to explore a sale of the company. Palo Alto, California-based Photobucket maintains its operations in Denver, and most recently raised $10.5M in a Series B funding from Trinity Ventures. The firm has also received funding from Insight Venture Partners and Red Tail Hawk.