Australian Newsagency Blog

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Greeting acquisition

Mark
October 26th, 2007 · 1 Comment

paidContent reports that American Greetings (parent company of John Sands) is paying $45 million to acquire Webshots, a big photo sharing site. I can see good synergy between the two businesses. I’d expect more acquisitions by card companies as they pursue online opportunities.

Category: Greeting Cards

1 response so far ↓

  • 1 Elliott // Oct 26, 2007 at 1:53 PM

    It could be an interesting opportunity for amateur photographers, I imagine American greetings would often include photos on their product and potentially they could buy a photo from someone off webshots to use on their product.

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