Hi-Media Investors: We’re OK With Fotolog Deal


Two days ago we noted that Fotolog was trumpeting its growth stats in an attempt to impress shareholders of Hi-Media, its French buyers-to-be. That worked fast: Following a glowing report from equity research shop Casenove, HIM shares are up more than 11%, erasing the 7% drop that followed the Fotolog acquisition announcement last month. Google Finance

Related: Fotolog Still Growing: Will That Satisfy New Owners?
Fotolog Sells To French Hi-Media Group For $90 Million