MySpace Buying Photobucket?

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According to the tech gossip site Valleywag, MySpace is close to buying Photobucket with an announcement coming as early as today.

After final negotiations at the end of last week, Photobucket has called an all-hands staff meeting for 10am PST this morning. We don't have the financial details of the deal, but Photobucket, and its bankers Lehman Brothers, were looking for at least $300m.
 
Well, so much for Photobucket. Glad I just moved all my file and image hosting to my new and shiny Linux server here on my desk. :D :p
 
That's not much of a surprise...I mean there have been MySpace "compatibility" items added to Photobucket for a while now.
 
Doesn't really bother me. I have my own web space and use Imageshack for quick picture uploads. I'm curious what they could want Photobucket for.
 
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