photobucket

Fox Interactive Media (FIM) has confirmed they are buying Photobucket and Flektor. Photobucket is a photo and video sharing service and Flektor allows users to create videos and slide shows with their photos.

Although the deal has yet to be confirmed by either party, it appears that MySpace did, in fact, acquire Photobucket.  And although the figure $300 million has been mentioned, the terms of the arrangement (assuming such an arrangement exists) remain unknown.

Embedded videos from Photobucket vanished from MySpace profiles as the two companies spar over digital content for the second time this year.

Photobucket has launched a new service that will allow its 35 million users to do video editing online with technology powered by Adobe. The Adobe Web based video remix and editing technology is currently in Beta. Users can now combine photos, videos, text, and music to create videos or mashups of content from their Photobucket albums.

GigaOM - MySpace Blocking Widgets? Om Malik is out with a post about MySpace blocking widgets and blogs a screen shot from Photobucket which reads:

Among websites that allow visitors to store and share photos, Photobucket snares almost 44 percent of the market share of Photo Sharing Sites.