Valleywag broke the news that MySpace would be acquiring Photobucket for about $300 million.

Many blogs are discussing that the purchase price was a steal in comparison to Google’s purchase of YouTube. Techcrunch also looks at the overlap of MySpace users and Photobucket users, saying there is “nearly 100% overlap in users.”

More coverage at Techmeme.

Related Topics: Search Engines: Photo & Image Search

About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here. See more articles by Barry Schwartz