Rupert Murdoch’s News Corp. and subsidiaries are flexing their financial muscle in their quest for world domination.

MySpace, the popular social networking site acquired by News Corp. (via Fox Interactive media) aeons ago, is setting its sights on Photobucket, one of the popular image hosting sites on the Web, for US$250 million. This comes after MySpace blocks Photobucket’s services from MySpace profiles.

I can hear MySpace telling Photobucket: We are the Borg. Lower your shields and surrender your ships. We will add your biological and technological distinctiveness to our own. Your culture will adapt to service us. Resistance is futile. (Quote from Star Trek: First Contact.)

I have an account at MySpace, but it is not active, so I am not sure what is the impact of this move. I do have a Photobucket account, and most of the images here in this blog are hosted there. I wonder if I need to move to another host.

In a related news, News Corp. sets its sight on Dow Jones, the publisher of The Wall Street Journal. World domination, indeed.