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31 May, 2007 4:40 am
... of amateur video Wednesday, buying two young companies for a combined $270 million. Fox Interactive Media spent about $250 million for Photobucket Inc., which draws more than
30 million monthly visitors who view and store billions of digital photographs, videos and slideshows. The Beverly Hills-based News Corp. group also spent more than $20 million for
little-known Flektor Inc., which offers free tools for editing and displaying online videos.
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