Flektor, a widget creation service that is only a few weeks old, has just been tagged "taken" by MySpace, divulges TechCrunch. This comes shortly after news of the social networking giant's soon-to-be acquisition of PhotoBucket.

The deal will make hardly a dent in the MySpace pocketbook after it agreed to pay $250 for the photo storage website. Flektor is estimated to cost between $10 and $20 million with potential of an earnout.

Fresh-faced Flektor enables users to build widgets out of their photos, video and text media. Its elaborate functionalities enable audio, effects and transition capabilities, setting it apart from established arena names like RockYou and Slide.