File Sharing - Tuesday, February 6, 2007
Handheld Buys Putfile For $7.1M
San Francisco-based Handheld Entertainment has acquired Putfile.com, for $7.1M in cash and stock. Putfile says it had 9.5M unique visitors in January of 2007. Putfile is one of the ugliest sites we have seen in a while. It offers a free hosting service where you can upload your videos and photos to your own personalised page.
This deal continues Handheld's M&A strategy of buying high traffic, small company sites:
+ Dorks.com (acquired November 14, 2006);
+ FunMansion.com (acquired December 1, 2006);
+ YourDailyMedia.com (acquired December 18, 2006)
But there is no denying it gets traffic
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