Webshots, a photo sharing site that I’ve mentioned in posts before, including one earlier today, has been sold by CNET for $45 million to Ohio-based American Greetings.
The Webshots site has a large user base, a popular site blog, and an enormous archive of photos.
Lots of gifts can already be ordered from the site using the images, such as e-cards, so this acquisition seems like a natural move for American Greetings, who are probably best known for their paper greeting cards.
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[...] 11:26 p.m. PT: The announcement is that Webshots is being sold for $45 million. No buybacks have been announced, and the minutia of [...]