American Greetings acquired Webshots.com from CNET for $45 million. Originally, CNET had bought Webshots.com in July 2004 for about $70 million. Webshots is among the biggest photo sharing sites in competition with sites like Flickr,  Photobucket and others. It received about 7 million unique monthly U.S. visitors as measured by The Nielsen Company and stores more than 400 million digital photos.

Private equity firm Veronis Suhler Stevenson announced a majority investment in on-line job board, Vault.com. Vault.com which was growing 30% to 50% a year has revenues reported to be around $9.6 million and is valued at $60 to $85 million.

NameMedia, a leader in developing premium online communities, announced today the acquisition of Photo.net, a community site for photography enthusiasts with more than 600,000 registered users.

Photo.net, an online community for photographers to connect and discuss photography, explore galleries, share photographs, and learn more about the art of photography, was founded in 1993 as Philip Greenspun’s personal home page at MIT. The site has since grown to become one of the most active photography sites on the Web, receiving more than five million visitors each month. The Photo.net gallery boasts more than 2.5 million high quality user-uploaded images.

NameMedia already owns Photography.com

DevStart, Inc. (devstart.com), an Internet media company serving the web development and promotion markets, has acquired IdeaCafe.com (www.ideacafe.com), an online small business portal. Idea Café provides a range of free services, articles and other information aimed at helping small businesses get started and succeed. That includes everything from how to start a business and obtain financing, to tips for accounting, marketing, finding and keeping customers, marketing on the Internet, and more.

The HowStuffWorks website was sold to Discovery Communications for $250 million. HowStuffWorks.com leverages the exclusive digital rights to over 30,000 books, 800,000 images and more than 180,000 maps and receives around 11 million monthly visitors.

Gifts.com, a site providing gift ideas and owned by IAC announced the acquisition of GiveFun.com, an online gift certificate provider.