my space

Social-networking site MySpace, owned by Murdoch's News Corp., has agreed to acquire Photobucket, the Web's No. 1 photo-sharing service. Before the deal is announced, the two sides must wrap up a few details. Financial terms weren't available, but it is widely known that Photobucket, with 40 million registered users, has been shopping itself in recent months and asking for about $300 million. Late Monday, a Reuters report quoting a source familiar with the deal said a preliminary agreement had been reached for around $250 million.