ONLINE MEDIA DAILY -- Aug 28 -- Interactive media company Hi-Media has agreed to purchase photo-blogging community Fotolog for about $90 million. The weighty cash and stock deal is an attempt by Hi-Media to leverage Fotolog's 10 million members for the benefit of its ad network and micro-payments business. Fotolog expects 2007 revenues of $2.3 million. FULL ARTICLE @ ONLINE MEDIA DAILY
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Hi-Media to Acquire Fotolog For $90 Million
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