Tech Company M&A Transactions
Photobucket Acquisition
Headquartered in Denver, Photobucket was bought by Ontela. The transaction price was $60 million.
Transaction Overview
Company Name
Acquired By
Announced On
12/16/2009
Transaction Type
M&A
Amount
$60,000,000
M&A Terms
The deal was estimated to close at $60 million. Ontela would subsequently rebrand to be Photoshop, abandoning the Ontela brand.
Company Information
Company Status
Acquired or Merged
Industry
Digital Media & VR & AR
Mailing Address
2399 Blake St. 160
Denver, CO 80205
USA
Denver, CO 80205
USA
Phone
Website
Email Address
Not Recorded
Overview
Photobucket provides an online service that enables users to upload and share photos and videos. In 2009, Photobucket was acquired from News Corp by Ontela for $60 million. Ontella then opted to rebrand as Photobucket, and the company continued to operate and raise additional investment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Munro
Chief Technical Officer
Michael Clark
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