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LOS ANGELES News Corp. is close to finalizing its next acquisition, but it isn’t Dow Jones & Co.
Rupert Murdoch would pony up as much as $300 million to buy the fast-growing image-sharing Web site Photobucket, according to published reports. Photobucket will come under News Corp.’s digital division, Fox Interactive Media, which houses MySpace.
An FIM representative declined comment.
The acquisition would represent quite an about-face between Photobucket and MySpace, which just last month enacted a two-week ban on the photo and video links the service embeds on the site because Photobucket was selling ads that appeared on MySpace.
FIM
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