Photobucket Buys Social Video Platform Milyoni, Its Second Acquisition This Year
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Photo-sharing site Photobucket has just acquired its second company in a matter of weeks, following its pickup of photo chat app Lasso in March, which was fueled by the recent injection of $3.6 million in new funding. Today, the company will announce it has bought social video platform Milyoni, best known for its development of an interactive card format for digital content called “Madcards” which are designed to work on mobile devices.
PhotobucketMilyoni
“Photo-sharing site Photobucket has just acquired its second company in a matter of weeks, following its pickup of photo chat app Lasso in March, which was fueled by the recent injection of $3.6 million in new funding. Today, the company will announce it has bought social video platform Milyoni, best known for its development of an interactive card format for digital content called “Madcards” which”Source
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Photobucket Raises $3.6 Million, Plans To Acquire A Mobile Photo-Sharing App
Denver-based Photobucket, one of the web’s older brands which offers a photo and video-sharing service online and on mobile, has closed on $3.6 million in new funding, an SEC filing reveals and the company confirms. The additional capital is part of a larger, still-in-progress round, which sees the photo sharing service seeking around $8.1 million in new funding.