WebProNews » Flektor http://www.webpronews.com Breaking News in Tech, Search, Social, & Business Mon, 13 Feb 2012 04:32:37 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 The Month of Acquisitions http://www.webpronews.com/the-month-of-acquisitions-2007-06 http://www.webpronews.com/the-month-of-acquisitions-2007-06#comments Fri, 01 Jun 2007 20:46:04 +0000 Manoj Jasra http://www.webpronews.com/?p=38132 There were numerous partnerships and acquisitions in the month of May, which included a lot of dollars changing hands. Let's look at some of the major deals that went down this past month

]]> There were numerous partnerships and acquisitions in the month of May, which included a lot of dollars changing hands. Let’s look at some of the major deals that went down this past month

Google and Microsoft seem to be positioning themselves strategically in order to keep up with each other in the war for Internet dominance. I expect to see this trend of acquisitions continuing strong into the summer.

Do leave a comment if I have missed any major partnerships or purchases.

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]]> http://www.webpronews.com/the-month-of-acquisitions-2007-06/feed 0 Fox Buys Photobucket and Flektor http://www.webpronews.com/fox-buys-photobucket-and-flektor-2007-05 http://www.webpronews.com/fox-buys-photobucket-and-flektor-2007-05#comments Wed, 30 May 2007 19:26:47 +0000 Mike Sachoff http://www.webpronews.com/?p=38050 Fox Interactive Media (FIM) has confirmed they are buying Photobucket and Flektor. Photobucket is a photo and video sharing service and Flektor allows users to create videos and slide shows with their photos.

]]> Fox Interactive Media (FIM) has confirmed they are buying Photobucket and Flektor. Photobucket is a photo and video sharing service and Flektor allows users to create videos and slide shows with their photos.

"The acquisition of these two companies is a perfect strategic fit for us that reinforces FIM’s leadership in user-generated content," said Peter Levinsohn, President of Fox Interactive Media.

"As a leading site for creative expression Photobucket extends our reach among personal media sharing enthusiasts and the innovative new entrant Flektor brings highly-differentiated new tools to the table that will drive the next generation."

Photobucket has more than 42 million users and 47 percent of them link to social networks such as FIM’s MySpace. Photobucket will remain in operation as a standalone site and its technology will be used to improve sites on the FIM network.

"Becoming part of the Fox Interactive Media network will have a tremendous and positive impact on our ability to serve our users’ needs," said Alex Welch, CEO, Photobucket.

"We plan to continue developing innovative tools that enhance self-expression and allow our users to have the best media sharing, linking and searching experience on the Web".

Flektor’s technology will allow users to edit video and audio content in real-time. Flektor users will have the choice of publishing their work or will be able to embed it on a number of Web sites, blogs or social network profile pages.

"We founded Flektor to give Internet users the tools they need to easily create, connect and share content," said Jason Rubin, co-founder of Flektor.

"Becoming a part of the Fox Interactive Media network will enable us to deliver these tools to the broadest possible online audience."

Terms of the deals were not disclosed.

 

]]> http://www.webpronews.com/fox-buys-photobucket-and-flektor-2007-05/feed 0 Rumor: MySpace To Acquire Flektor http://www.webpronews.com/rumor-myspace-to-acquire-flektor-2007-05 http://www.webpronews.com/rumor-myspace-to-acquire-flektor-2007-05#comments Wed, 16 May 2007 15:22:36 +0000 Mike Sachoff http://www.webpronews.com/?p=37693 MySpace is rumored to be purchasing Flektor, a new startup that allows users to create widgets from photos, video and text, TechCrunch is reporting.

]]> MySpace is rumored to be purchasing Flektor, a new startup that allows users to create widgets from photos, video and text, TechCrunch is reporting.

The news comes on the heels of MySpace’s deal to buy Photobucket last week for $250-$300 million. The acquisition of Flektor is reported to be a smaller deal worth between $10-$20 million.

The deal could have negative implications for similar sites such as Slide and RockYou. VentureBeat raises the point,"While both Slide and RockYou have huge user-bases, they also depend heavily on social networking giant MySpace and other sites."

"MySpace has made it abundantly clear that it is happy to pull the plug on widgets that lose its favor. If a Slide or RockYou try to push more advertising, and compete head-on with one of MySpace’s new properties (Photobucket, and potentially Flektor), MySpace may try to snuff them."

The Flektor founders Jason Rubin and Andy Gavin co-founded game developer Naughty Dog, creators of Crash Bandicoot and Jak and Daxter before selling the company to Sony Computer Entertainment in 2000.

TechCrunch views the acquisition of Flektor as odd since Photobucket also offers a slide creation product which means the two would be competing against each other. But they add, "Flektor is custom code built on Flex, whereas Photobucket’s competing offering is built with Adobe’s tools. If Adobe decided to compete directly in this space, MySpace will be in a better position owning their own code."

"The acquisition also makes sense from a strategic standpoint. MySpace has massive distribution as the largest site on the Internet. Photobucket brings storage to the table, and the Flektor team looks to be able to create awesome tools for users to create content. The three services actually fit together nicely."

 

 

 

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