Fotolog Acquired for $90 Million

 By 
Pete Cashmore
 on 
Fotolog Acquired for $90 Million
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A nice payout for photo sharing site Fotolog: the company, popular in Latin America , has been acquired by Paris-based media company Hi Media for around $90 million in cash and stock (77% Hi Media stock, 23% cash). Fotolog has 10 million users, 15 million unique monthly visitors and 3.3 billion pageviews per month. CEO John Borthwick will stay with the company for now.

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