• Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

  • Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

All data is delayed
Loading...
See More

Yahoo buys scrapbook website Snip.it

Jan 23 2013 08:03
AFP

San Francisco - Yahoo confirmed on 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 innovative technology that lets people share content in a social and fun way," Yahoo vice president of product Mike Kerns said in a statement.

"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 social news 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 $15m.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

yahoo

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...