American Greetings buys photo-sharing site from CNET

10/26/2007 | Yahoo!

American Greetings has acquired Webshots, a photo-sharing site owned by CNET Networks, for $45 million. The sale is part of a current effort by CNET, which in 2004 paid $70 million for Webshots, to remake itself into a "a bold media company that is entrepreneurial and aggressive," according to CEO Neil Ashe.

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