Yahoo acquires content sharing startup Snip.it

Snip.it allowed users to post and share a variety of content

Yahoo has acquired content discovery and sharing website Snip.it, and the service has been shut down.

Snip.it in San Francisco is offering users up to Feb. 21 the option to download and export their content, called snips.

"As of today, we will no longer support snipping," the Snip.it team said in a post on the company's website on Tuesday. The startup used to allow users to "collect the best of the web, wrapped in your opinions."

The acquisition seems to be part of a broader trend for Internet companies to acquire startups more for their talented staff than for the business or technology.

Yahoo could not be immediately reached for comment. It said in a Twitter message that it was "thrilled to welcome" the Snip.it team to the company.

"We are thrilled at the opportunity to bring Snip.it's vision to a larger scale at Yahoo!," said the Snip.it team. "While we can't share the specifics of what we'll be building, we are excited about the opportunity to take social news to new, exciting heights at Yahoo!."

The financial terms of the deal were not disclosed.

Yahoo acquired in December video chat startup OnTheAir, but the deal was made for the talent, and the product was shut down. In October, it also acquired a recommendations app called Stamped. Its iPhone app, which helped people keep track off and recommend things like restaurants and books, was also to be discontinued. The Stamped acquisition was Yahoo's first after Marissa Mayer took charge as CEO of the company.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsinternetbusiness issuesYahooInternet-based applications and servicesSnip.it

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?