American Greetings Corporation has acquired the online assets of the Webshots brand from CNET Networks, Inc.
Webshots is one of the largest online photo and video sharing sites on the Internet with more than 7 million unique monthly U.S. visitors and with more than 400 million digital photos stored. Webshots offers both free and premium memberships with a variety of features. Users of Webshots can easily manage their photos online, share their photos, order prints, and order custom photo gifts.
The purchase price was approximately $45 million.
Originally posted on October 27, 2007 @ 11:00 am