Photobucket To Be Valued At $60 Million In Sale To Ontela

Lots more details are coming in on the Photobucket fire sale by MySpace/News Corp. The sale is all but complete, say new sources. And the buyer is definitely Washington state based Ontela. Ontela, a mobile photo upload and storage service, is backed by Disney's Steamboat Ventures, among others. Steamboat Ventures is said to be putting $40 million or more in additional capital into Ontela.

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