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Fotolog Acquired by Hi Media, French Ad Network
EXCLUSIVE: We had previously speculated that New York-based Fotolog would be the next one to get acquired. And we were right. It has been acquired by Hi Media, a Paris-based interactive media company for roughly $90 million - a combination of cash and stock, according to well-placed sources. The announcement is likely to be made later today.

Source: http://gigaom.com/2007/08/27/fotolog-acquired-by-hi-media-french-ad-network/