Now That’s Negotiating- Myspace/News Corp Buying Photobucket

Valleywag has the exclusive that Myspace/News Corp is Buying Photobucket.  The price isn’t disclosed.  Now with the events that have been going on, I’m sure this has been one hell of a negotiation by News Corp. Here’s how I think it went aka Mike this is your backstory:

Round One

Photobucket: Hi News Corp, we’d like you to buy us for 300 million.  We’re a big asset to MySpace, you wouldn’t want google owning us

News Corp: you are a big asset, but you only had 6.3 million in revenues.  We’re myspace we don’t need you.  Try half that and we can talk

Photobucket: OMGZ our VCs and Bankers tell us 300 million, watch this.

Round Two

Photobucket To World: We’re for sale for 300 million and we’re making the announcement on Tech Crunch.  Come buy us!

World: Not for that price.

News Corp: Watch this…

Round Three

News Corp: Eat Shit Photobucket, we just hit the off button

Photobucket: Oh shit, now we’re screwed…

World: you’re not worth anything to us now

Round Four

News Corp: Half your price, which is being generous.  If you don’t give in, we’re never turning you back on

Photobucket: Okay, we’re still millionaires.

Yahoo: Oh crap, Flickr still only has minimal marketshare and is overhyped. At least we got rid of Yahoo! photos
[tags] flickr, photobucket, news crop, acquisition, tech crunch, valleywag, publictivity, web 2.0, myspace [/tags]