Yahoo! buys scrapbook website Snip.it

Jan 23, 2013
Yahoo! confirmed Tuesday that it bought Snip.it, a young San Francisco startup that lets people create scrapbooks with pictures, articles, videos and other content found online.

Yahoo! confirmed Tuesday that it bought Snip.it, a young San Francisco startup that lets people create scrapbooks with pictures, articles, videos and other content found online.

"The Snip.it team created an that lets people share content in a social and fun way," Yahoo! of product Mike Kerns said in a statement emailed to AFP.

"Reading and sharing content is a core daily habit for most of the world, and we can't wait to work with the Snip.it team to make that experience even more entertaining for our users."

A message posted at Snip.it told users it was "joining forces" with Yahoo! and that the service was no longer available. A link was provided to a hall of fame honoring top Snip.it contributors.

"For the past year and a half, we've worked tirelessly as a team to build the best platform on the Web," Snip.it said in the message.

"We are thrilled at the opportunity to bring Snip.it's vision to a larger scale at Yahoo!"

Snip.it launched in late 2011 as a place where people could share digital "scrapbooks" based on topics or themes of their choosing.

Financial terms of the acquisition were not disclosed but unconfirmed online reports estimated the figure to be in the vicinity of $15 million.

Explore further: Discover to have Apple Pay available for US cardholders

Related Stories

Yahoo! buys Citizen Sports

Mar 17, 2010

Yahoo! made a play for more sports fans on Wednesday with the purchase of Citizen Sports, a startup that makes sports-related applications for Facebook and Apple's iPhone.

Yahoo! sells Delicious to YouTube founders

Apr 27, 2011

Yahoo! on Wednesday sold Delicious to YouTube founders Chad Hurley and Steve Chen, who promised to continue and grow the popular social bookmarking site.

Yahoo! to open sites to outside contributors

Nov 15, 2010

Internet giant Yahoo! began opening up its properties to outside writers, photographers and videographers on Monday with the launch of the "Yahoo! Contributor Network."

Recommended for you

Capgemini to buy IGATE in $4 billion US expansion push

5 hours ago

French IT services and consulting company Capgemini said Monday it was buying New Jersey-based IGATE for $4 billion (3.7 billion euros), boosting US-generated business to nearly a third of its total activity.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.