Dow Jones – Web Startups May See More Mergers

Posted by on Oct 18, 2006 in Uncategorized | No Comments

Web Startups May See More Mergers
Mark Boslet, Dow Jones Newswires

PALO ALTO, Calif. (AP) — Google Inc.’s $1.65 billion acquisition of Internet video site YouTube Inc. has turned up the pressure on rivals to keep pace in a rapidly changing online environment.

"I think in general there are large technology and media companies that will buy their way in" to some of these companies, said Alex Welch, chief executive of photo-sharing site Photobucket Inc. of Denver.

Welch said Photobucket is not "officially for sale," but "it is possible for a company to be acquired in this space."

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