Yahoo! has confirmed that it has sold the scrapbook web site Snip.it on Tuesday . Snip.it’s a little startup in San Francisco that lets users to create scrapbooks along with the pictures, movies , articles, and stuff discovered on-line.
” Snip.it staff has created an inventive know-how which let the folks to share the content in social and humorous approach,” mentioned by Yahoo! vice chairman in an electronic mail to AFP.
” the Reading and the sharing of the content is a day-to-day dependancy of the general public of this world, and as a way to not lengthen to work along with Snip.it staff so that you can make much more pleasing expertise for the Yahoo customers.”
The message which was once posted on Snip.it has instructed customers about its “joining forces” together with Yahoo! and unavailability of the carrier anymore . “For the precedent 12 months nd a 1/2, we have worked determinedly as a bunch to constructed one of the best societal information stand in the Web,” mentioned the Snip.it in its message.
“We have been excited for the opportunity given by Yahoo to convey the Snip.it’s new vision on a greater scale at the Yahoo!”
The site Snip.it used to be launched in 2011 through which people can share the digital scrapbooks which can be in accordance with the subject matters or the topics of their selections .
The Monetary conditions for this acquisition aren’t nonetheless disclosed however rumours online has suggested roughly that the estimated figure is also of approx $15 millions.