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Yahoo Buys Snip.it

Social curator site Snip.it has been acquired by big company Yahoo. This has been confirmed by Yahoo’s Vice President of Product Mr. Mike Kerns in his recent statement saying “The Snip.it team created an innovative technology that lets people share content in a social and fun way. We’re excited to welcome them to Yahoo!, where they will help us build experiences that bring people with shared interests together,”

Snip.it is a social bookmarking site that allows people to organize, collect and share articles with other users. The acquisition will likely cost Yahoo $10 million. The 10 member team will now join and collaborate with Yahoo in making a new and better version of this bookmarking site.┬áSnip.it CEO Ramy Adeeb said in an email to Mashable “Our vision has always been to make news more social. And we can’t think of a better platform than Yahoo, with half a billion monthly users, to realize this vision,” Yahoo will indeed help make this happen!

 

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