Video Site Putfile Sells for $7.1M

HandHeld Entertainment, a small consumer electronics firm that is known to be 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.

The site is known to be 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. Pretty good deal, cheers.