Mar 23, 2005

Yahoo Agrees to Buy Flickr

You may have noticed that I include some of my recent photos along the right hand side of this website. These photos are hoted by a great service I use called Flickr. Well is in the news today as they have been acquired by Internet search and portal giant Yahoo!

From Yahoo! news-
A Flickr executive announced the Yahoo deal late Sunday on Flickr's Weblog, writing that Flickr's management team will remain in place and continue to pursue the release of a full Version 1.0 of the service.

Yahoo reached a deal to buy Flickr on Friday, and terms of the purchase are not being released, Yahoo spokeswoman Joanna Stevens said. The acquisition is expected to be completed next month.

Flickr, a service that Ludicorp Research & Development Corp. launched in beta a year ago, has gained widespread attention among Web developers and Internet insiders for its community-based approach at organizing and sharing digital images on the Web.

Confirmation of Yahoo's plans to purchase Flickr and Vancouver-based Ludicorp follows weeks of speculation on blogs and humorous responses from Ludicorp executives, who have been bombarded with questions at technology conferences.

"We're going to grow and change, but we're in it for the long haul, with the same management and same team," wrote Caterina Fake, Ludicorp's vice president of marketing and community, in the Flickr blog posting.
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