Yahoo! buy scrapbook site Snip.it

SAN FRANCISCO - Yahoo! affirmed Tuesday that it has procured Snip.it, a youthful new business in San Francisco that enables individuals to make scrapbooks with pictures, articles, recordings and other substance discovered on the web.

"The Snip.it group has made a propelled innovation that enables individuals to share content in a social and fun way." Product Vice President Mike Kerns said in a messaged explanation to AFP.

"Perusing and sharing substance is a center day by day routine for the vast majority around the globe and we can not hold up to work with the Snip.it group to make that experience more pleasant for individuals. Take our ".

A message posted at Snip.it tells the client that it is "unite" with Yahoo!. Also, the administration is no more. A connection is accommodated a VIP lobby regarding top patrons Snip.it.

"In the previous 18 months, we have worked indefatigably as a group to fabricate the best social news stage on the Web," Snip.it said in the message.

"We are pleased to have the chance to convey Snip.it's vision to a bigger scale at Yahoo!."

Snip.it dispatches in late 2011 as a place where individuals can share advanced scrapbooks in view of points or subjects they pick.

The monetary terms of the securing were not revealed, but rather unverified online reports gauge the figure is in the $ 15 million neighborhood.

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