Michael Arrington reports photosharing site Zooomr, which is launching in Beta 2.0 today in a matter of hours is on the road to an acquisition. With three possible buyers, it's looking to be around the $5 million range, I think a good value for a photo-sharing site that's only been around for months.
Zooomr was founded by 18 year old Kristopher Kate in late 2005 and along with photo-sharing, has a strong focus on geotagging. I wrote about Zooomr last month. One of the exciting things about Zooomr is its openness and involvement with Mashups which I've only seen in a few companies.
Although who the three buyers or potential buyers could be hasn't been revealed yet (I'm guessing it will in a few hours), my best guess would come down to either Yahoo!, Google, or some obsurd mainstream company trying to 'get in the game' (sort of like NBC and Tribe). It'll be interesting to see how it pans out.
