HandHeld Entertainment, a small consumer electronics firm that is buying up web content sites, has acquired video and photo upload site Putfile for $7.1 million in cash and stock, the company announced today.
We hadn’t heard too much about Putfile, but were able to speak with a source close to the company, who said the site is owned and operated by one guy, 22-year-old Gordon Page of Guildford, England, with the help of his parents and some friendly forum operators. It first went online in May 2004.
Putfile actually has pretty significant traffic, similar to other second-tier digital media hosting sites. Its base, according to our source, is young creative media types, primarily from English-speaking countries and other countries in Europe. According to HandHeld, Putfile had 9.5 million unique visitors and 61 million page views in January. The site reports 1.4 million users and about 80,000 uploads per week.
HandHeld, maker of ZVUE portable media players, said it would pay $1.08 million in cash and approximately $6.0 million in common stock for Putfile. It also recently bought Dorks.com, FunMansion.com, and YourDailyMedia.com. HandHeld Stock (ZVUE) closed the day up 17.6 percent to $4.14.
Below, an Alexa chart comparing Putfile, Bolt, Grouper, Revver, and blip.tv.