Fox Interactive Acquires Flektor
MySpace's parent company buys a web content company created by the Naughty Dog guys.
Fox Interactive Media, the New Corp. division responsible for the MySpace acquisition, has purchased photo and video sharing site Flektor [http://www.flektor.com/] for an undisclosed sum ranging between $10 and $20 million. Launched [http://www.escapistmagazine.com/news/view/71355-Naughty-Dog-Founders-Launch-Flektor] less than a month ago, the acquisition coincides with Fox's $250 million deal with image host Photobucket. In the heated social networking war, Fox can now partner a hosting service and an embeddable slideshow/video player along with it's popular MySpace site.
Flektor was started by Naughty Dog (Crash Bandicoot, Jax and Daxter) co-founders Jason Rubin and Andy Gavin in Culver City, California. Rubin commented, "We founded Flektor to give Internet users they need to easily create, connect and share content. Becoming a part of Fox Interactive Media network will enable us to deliver these tools to the broadest possible online audience."
"The acquisition of these two companies is a perfect strategic fit for us that reinforces FIM's leadership in user-generated content. 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. Together, they represent a powerful combination and we are thrilled for them to join our network," said Peter Levinsohn, President of Fox Interactive Media.
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MySpace's parent company buys a web content company created by the Naughty Dog guys.
Fox Interactive Media, the New Corp. division responsible for the MySpace acquisition, has purchased photo and video sharing site Flektor [http://www.flektor.com/] for an undisclosed sum ranging between $10 and $20 million. Launched [http://www.escapistmagazine.com/news/view/71355-Naughty-Dog-Founders-Launch-Flektor] less than a month ago, the acquisition coincides with Fox's $250 million deal with image host Photobucket. In the heated social networking war, Fox can now partner a hosting service and an embeddable slideshow/video player along with it's popular MySpace site.
Flektor was started by Naughty Dog (Crash Bandicoot, Jax and Daxter) co-founders Jason Rubin and Andy Gavin in Culver City, California. Rubin commented, "We founded Flektor to give Internet users they need to easily create, connect and share content. Becoming a part of Fox Interactive Media network will enable us to deliver these tools to the broadest possible online audience."
"The acquisition of these two companies is a perfect strategic fit for us that reinforces FIM's leadership in user-generated content. 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. Together, they represent a powerful combination and we are thrilled for them to join our network," said Peter Levinsohn, President of Fox Interactive Media.
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