Kaboose acquired BubbleShare
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Since Xmas i was tracking rumor that Leading Photo Sharing Technology,BubbleShare would be acquired by MySpace owner NewsCorp. Wwell guess what? BuubleShare did got acquired, just not by newscorp by Kaboose. Kaboose Inc., the largest independent family focused online media company in North America, today announced yesterday it has acquired Toronto-based BubbleLabs Inc.(Owner of BubbleShare) and its website.
Under the terms of the transaction, Kaboose will acquire all of the outstanding shares of BubbleLabs, Inc. for a purchase price of US$2.25 million. In addition, BubbleLabs shareholders may receive an additional US$750,000 based on an earn-out arrangement. So what hapen to the team created masterpice like BubbleShare? well BubbleLabs’ four founding employees, including CEO Albert Lai, will be joining the Kaboose team. This will be another star in Kaboos rank. Kaboose owns some of the world’s leading online properties targeting families, including BabyZone.com, Kaboose.com, TwoPeasInABucket.com, BirthdayInABox.com, Funschool.com and Zeeks.com. In a statement after this acquire announcement, BubbleLabs CEO Albert Lai said–
Kaboose’s family audience is a perfect fit for the BubbleShare photo sharing solution. Our entire team is looking forward to joining Kaboose to help bring better tools and services to its incredible reach of mothers and families.
Source: Newswire.ca

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